Africasgateway.com
Other => Politics => Topic started by: TATEguru v.2K9 on July 31, 2008, 12:02:55 AM
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"A Billionaire a young money Zimbabwean multi-billionaire tougher than Nigerian Hair"
(http://voanews.com/english/images/ap-zimbabwe-100-billion-dollars-175-eng30jul08.jpg)
You gotta wonder how long they will keep slashing the zeroes off the currency as temporary relief.
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^^^I been thinking about that too.. but this measure is clearly ineffective, because such is the nature of price distortion in zim, that people are just increasing prices....so there wont be no equilibrium
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Yep, as long as there are shortages of basics & foreign currency there will always be a black market furled by both private & public sectors.
So how do we curb inflation by generating forex without having to borrow from the man (no matter what colour his face looks like)
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a friend of mine from zim made a scary observation the other day. he said that people are making so so much money from the current zim situation...u knw 10 times more than what they earn in their salaries..so much so that people dont want the economy to return to normality!!! so can shit ever come back to normal???
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if the Brit-ish :Dcould lay-off Mugabe, things could turn in Zim ;)