Thursday, December 4, 2008

Currency Carry-ons

Just collected our passports from the Egyptian embassy. Our visas were charged in Zim dollars, so ended up costing us the equivalent of US$0.03 cents each. You gotta love this crazy Zim currency, hey! One of the things we'll miss about Zim most while we're travelling - the palpable sense of excitement every morning as we check in with the "central bank" (the newspaper vendor on the streetcorner near our office) to find out what today's exchange rate is. You'd think we'd have got used to it, but we still ooh and aah every time!

Monday the soldiers rioted in town - the daily withdrawal limit from a bank is Z$1 million (about US$0.50c). Which means you queue for the whole morning to withdraw money from the bank, and all you can take out is $0.50c. Finally somebody got sufficiently fed up with this that they rioted. As they happened to be soldiers in uniform, the government took notice.

The result? Today, a new Z$100 million banknote has been introduced and the daily withdrawal limit has been increased to, you guessed it, Z$100 million.

My prediction. By Monday next week, Z$100 million will be worth US$0.50c.

You read it here first....!

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