Today the Zimbabwean dollar is trading at $200 million to £1. Yes that’s true, 200 million dollars for one British pound. Not at all surprising to most Zimbabweans. The Zimbabwean dollar as well as the whole economy has been on free fall, collapsing like a sand castle.
So who would want to be the captain of this sinking titanic? Unless one has a sound turn around strategy. So I’m surprised given the current state of affairs in the Zimbabwean economy some people still claim to be the best custodians of our economy. Given their track record in managing the economy they still want us to believe they are the best Zimbabwe have! Give us a break! They have failed us, why can’t they just leave and let someone try and sort this mess?
So for every one pound you get 200 million Zimbabwean dollars?
In God We Trust!
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Mon, Apr 21, 2008
Money Matters