Friday, May 14, 2010
In Zimbabwe
I had to come to Zimbabwe for two days for some meetings. Zimbabwe borders South Africa to the north. I will post some interesting facts on this extremely poor country once I get back in South Africa and have a little more time. I head back to South Africa this afternoon.
Zimbabwe has been a lot in the news with their elections in 2008 and with the hyperinflation situation.
In 2008, at the height of the inflationary crisis, inflation was noted at over 231 million%!!!! This is unimaginable. The reserve banks had to resort to printing 100 billion zimbabwean dollar notes. And they weren't worth anything. People would need bags of them to buy essentials. Nowadays, the country is operating on US dollars. One can't even fathom inflation at 231 million%. In the US, we complain when inflation and the price of goods raise 2-3%.
Tammy picked the girls up from school yesterday and stayed the night with them. Then she will pick them up today and I will be home before they go to bed. I can't wait to see them.
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