Thursday, January 29, 2009
Zimbabwe abandons its currency
Zimbabwe has finally abandoned its trillion dollar currency which was worthless in anycase, As one teacher mentions on the BBC link it costs him $2 US to get to work and he is only paid the equivalent of $1 a month even though that is trillions of Zim dollars.
We already have the spectre of inflation ruining our pound which has fallen steadily in value over the last 100 years.
I went out to buy food today, my father handed me a 20 pound note, but the prices were such that I almost spent double that and that was with shopping around trying to get the best value for those pounds, Lidl, Netto, Morrisons, Marks and Spencer and Asda all had a visit.