Saturday, September 5, 2009

I'M RICH!


When we were going into Zambia, a guy sold us this money for a souvenir. There is a 10 billion dollar note and a 50 trillion dollar note from Zimbabwe. When you look at the 50 trillion dollar note, you might think I could buy 50 houses and a ship. But, actually, this money is worth very little.
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Early in 2009, Zimbabwe took 12 0's off their currency. That means that the 50 trillion dollar note became a 50 dollar note (Zimbabwean dollar). According to today's exchange rate, 50 Zimbabwean dollars is worth US$0.13. Thirteen cents!
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Zimbabwe's economy is even worse than the US economy, which is why their money has lost its value. That's a big thing. No one will take Zimbabwean money, because it is worth nothing. Everyone wants American money.

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