And while the central bank recently dropped 10 zeros off the currency, turning 10 billion Zimbabwean dollars
into one, the move is unlikely to stave off the country's deep economic crisis.
He said he earns about 100,000 Zimbabwean dollars
A modest pair of new trousers costs 50,000 Zimbabwean dollars
, almost 10 times the average salary of a domestic worker.
The ravages of hyperinflation, 455 percent a year and rising, are everywhere: 500 Zimbabwean dollars
are worth about 8 American cents; five years ago, they were worth 9 American dollars.
The currency's devaluation is underlined by the fact that there were 814 Zimbabwean dollars
to the US dollar in mid-May this year, in comparison with just Z$57 at the same time last year.
Back in 1997, you could get SEVEN Zimbabwean dollars
to the pound.
Now that interest rates are so high, exporters bringing in their formerly precious and highly coveted foreign exchange earnings often find, on doing a few calculations, that they have an attractive option: the interest they can earn if they convert the hard currency to Zimbabwean dollars
could be higher and more certain than the profit they might make by using it to import materials and machines and employing people to produce goods," he said.
We have been granted bail by the high court and ordered to surrender one trillion Zimbabwean dollars
[$90] with the clerk of courts as part of the bail conditions," Lewis Uriri, Biti's lawyer said.
In the fun traditions of the awards they are handed a pot plant and a fake 10 trillion Zimbabwean dollars
35,000,000,000,000,000 Zimbabwean dollars
can be exchanged for US$1 since Monday as President Robert Mugabe's government discards its virtually worthless national currency.
may be converted into US dollars at specified rates during this period.
An apple cost three million Zimbabwean dollars
at the green market outside of Mutare.