Categories
Uncategorized

High hopes for Zimbabwe’s sixth national currency since 2008

Sub-Saharan African currency experts are taking a “wait and see” approach to whether Zimbabwe’s newest effort at establishing a new national unit used for the exchange of goods and services can go the distance that the last five attempts within the last decade did not, Bloomberg reports.

The name “ZiG,” short for Zimbabwean Gold – which it is backed by, as well as foreign reserves – is definitely kind of playful, catchy, and lends itself easily to use as a verb, eg “ZiG me now you cheap motherfucker!” That’s a plus. A minus is that it’s Zimbabwe, where in 2008 the Zimbabwean Dollar hit a 500 billion percent inflation rate. That’s what Bloomberg wrote. It sounds like some kind of pointless abstraction from a 10 year-old kid who says his Fortnite Nerf gun is 500 billion times cooler than the generic one you had when you were his age, but apparently it really happened. On the plus side, Bloomberg’s article seems to say that Zimbabwean officials are taking it slow this time around, with the only real legal mandate for the ZiG for now is requiring businesses to pay at least half of their tax bill in the unit. Other than that they aren’t clamping down on USD quite yet.

Investors still might want to stick to “holding pattern” to see if some irresponsible fucking asshole is just going to print like 900 bajillion ZiGs to pay government vendors and workers. That’s how they got into trouble with hyperinflation the last time around. And the seven or eight times before that.

Created by potrace 1.16, written by Peter Selinger 2001-2019

Matt Gaetz says he won’t be back in Congress on January 3rd

21 mins ago

Judge Merchan indefinitely postpones Trump sentencing

1 hour ago

Mike Rogers not under consideration for FBI chief: Trump minion

1 hour ago

MAGA Land urges children to sacrifice new toys for America First

2 hours ago

Tucker says he told Johnson to “check with Putin” on Ukraine aid

3 hours ago

Team Orange “blindsided” by Hegseth rape accusation

4 hours ago

Convicted California pedophile faces 740 years to life in prison

16 hours ago

New York man actually laser eye-memes fucking Kevin McCarthy

21 hours ago

“He was doing very well but, at the same time, did not want to be a distraction for the Administration”: Trump on Gaetz withdrawal

23 hours ago

Matt Gaetz pulls out before things got even more messy

24 hours ago

Republicans don’t actually know how mass deportation will work

1 day ago

MAGA propagandists put on nominee defense duty

1 day ago

Barrasso comes out in support of Pete Hegseth

1 day ago

Allegation: Hegseth drugged, sexually assaulted woman

1 day ago

ICC issues arrest warrant for Netanyahu

1 day ago

Bobby Jr agreed that Trump fans are “Nazis” back in 2016

1 day ago

Florida man arrested for planning to bomb Wall Street

2 days ago

Out of control inflation: banana sells for $5 million

2 days ago

House Republicans lining up to sink Gaetz nomination

2 days ago

Not The Onion: Alex Jones sues Sandy Hook families, The Onion

2 days ago

Capitol rioter convicted of plotting to murder FBI agents

2 days ago

House Ethics fails to agree to release Gaetz investigation report

2 days ago

Elon Musk got a lot done today

2 days ago

Orange Pharaoh rages over pushback to his shitty picks

2 days ago

Laken Riley’s killer convicted

2 days ago

Bald asshole former acting AG gets NATO ambassador nod

2 days ago

Grindr user “SenatorPartySlut1776” complies with blackmail terms

2 days ago

Freeman and Moss ask judge to hold Rudy in contempt

2 days ago

Jaydee stuck trying to sell Senate GOP on Gaetz

2 days ago

Surprise! Bobby Jr bought into “plandemic” shit in 2020

2 days ago

Walmart CFO says they’re getting ready to jack up prices

2 days ago

US Embassy in Kyiv shuts down over anticipated Russian attack

2 days ago

AG-designate Gaetz helped pay $10K in tuition for two underprivileged sex workers, Committee investigation found

3 days ago

Wrestling executive to head US Education Department

3 days ago

Guy accused of battery who cheated on wife once wrote of one’s “moral responsibility” while at Ivy League. (No, the other guy)

3 days ago

SpaceX landing aborted with Donald watching

3 days ago

Senate approves RFK takeover

3 days ago

Mehmet Oz to run Medicare and Medicaid for Trump Reich

3 days ago

Deeply unstable woman continues ranting about trans Dem-elect

3 days ago

Fatass demands GOP stop Dems from appointing judges

3 days ago

Manhattan DA won’t let Trump go without a fight

3 days ago

Grassley says Senate will move quick if Gaetz report drops

3 days ago

Mike Johnson too chickenshit to stand up for his faith

3 days ago

Springfield Haitian community in panic mode

3 days ago

Five Brazilian officials arrested in Lula assassination plot

3 days ago

QAnon-pilled MSM reject worried AI coming for your commercials

3 days ago

Russian ballet dancer dies of gravity overdose

3 days ago

Orange Felon privately admits Gaetz may be screwed

3 days ago

Another corrupt priest, a disgraced New York mayor, and Sabrina Carpenter walk into a National Zero story…

4 days ago

Florida’s Most Florida Man won’t get spot because he’s “asshole”

4 days ago

x
x
x
x
x
x