[Aussie Dasher]

Another brilliant success story from Africa!

[BobbyT]

That’s racist. Consider your house first on the list for government confiscation come November 5th.

[Anti-Bubba182]

One of ........none.

[Clive]

-

[AmericaUnited]

ZIMBABWE'S annual inflation soared to 231 million per cent in July

Any inflation rate above 100 million percent is serious.

[from occupied ga]

Take a look into our future if Obama is elected.

[Malsua]

I’ve love to get a few of those billion notes, but I know if I buy, it’s ultimately going to end up in the hands of Mugabe. The guy that sold them will trade my dollars to get more Zim toilet paper, and Mugabe will get another 14 seconds in office.

[rawcatslyentist]

They need the messiah, HusseinO Jr’s more than we do.. Let’s send him there!

[ctdonath2]

I keep seeing these "Zimbabwea inflation at gazillion percent!" posts periodically. At what point might everyone agree the currency is in fact worthless? When a currency is devaluing at the rate of >7% per second, it means nothing.

[supercat]

"The month-on-month rate rose 1760.9 percentage points on the June rate of 839.3 per cent to 2600.2 per cent," the newspaper quoted a statement from the Central Statistical Office (CSO) as saying.

Is the inflation 27x/month, or 2,310,000x/year? The former number is a LOT bigger (about 15 QUINTILLION percent)--If things keep going at that rate, matching the purchasing power of today's largest bank note, Zim$500,000,000 (less than US$1.00) would in a year require Zim$75,047,317,648,499,560,500,000,000).

On the other hand, to put things in perspective, an inflation rate of 2,310,000x/year would only be about 4% per day, and even an inflation rate of 27x/month would only be about 11.5%/day. Not a totally impossible amount to handle in a day-to-day semi-barter economy, but of course totally impossible for any meaningful business.

On the other hand, if this inflation keeps up, there won't be enough room on the currency for all the zeroes. Can you imagine a 500 septillion dollar note (which, a year from now, would be worth less than $1)?