Well it has finally happened - Zimbabwe has devalued it's currency. Apparently they are dropping three zero's off of everything. Sounds good doesn't it? Not really!! I wonder what the guys in the ministry of finance are feeling because a devaluation such as this is an admittal of defeat (of which everyone and their goat knew a LONG time ago).
It likely will not make anything easier in everyday life. Quite the contrary I am sure it will confuse a large portion of the population, possibly causing riots as people realise that this is just facilitating further hyper-inflation. The other part of the population who understand the ramifications are likely trying to adjust current systems and practices to deal with a brand new currency. This is an administrative nightmare of note, as can be testified by a friend of mine's recent post on his blog about having to re-do his databases retrospectively so that when he shows sales for the year, they dont just drop by 100000% in August.
Interesting times for sure.
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There is a curse. They say "May you live in Interesting Times" - Terry Pratchett
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