13 January 2010

Currency Conundrums

Until recently this is how many notes it took to buy a beer in Zimbabwe. The country has now moved to the dollar which has halted the runaway inflation but has drawbacks of its own. One being that nobody has any small change (a friend was apparently given lollipops instead).

No big deal right? Except even in a rich advanced country, over a quarter of payments made are worth less than £1. How are such small value payments made in Zimbabwe?


Post a Comment