Robert Gabriel Mugabe (born 21 February 1924) is the President of Zimbabwe. He has served as the head of government since 1980, as Prime Minister from 1980 to 1987, and as the first executive head of state since 1987. Since the run-off election of 2008 his legitimacy as president has been called into question; the G8 released a collective statement in July saying they "do not accept the legitimacy of a government that does not reflect the will of the Zimbabwean people".
Zimbabwes new money denominations, the 500 Zimbabwean dollar note and five Zimbabwean dollar coin, launched by President Robert Mugabe on Friday, have received mixed reactions by users because of a deepening economic crisis billed to be the worst in two decades, Zimbabwe News Agency reported on Sunday. The 500 Zimbabwean dollar note has particularly posed problems between service providers and the paying public as people have been tendering it for purchase of even small commodities requiring a large amount of change, said the report. Eddie Choga, an advertising executive, was quoted as saying that the new note would fuel inflation because prices of basic commodities will go up. The five Zimbabwean dollar coin is also set to cause an inflation of commodity prices, particularly by vendors. Governor of the Reserve Bank of Zimbabwe Leonard Tsumba said it had become necessary to have the new note which is Zimbabwe's biggest because of high inflation, citing that the inflation rate in July this year was 70.4 percent. Tsumba said the Zimbabwean dollar was now worth only six cents compared to 1990, making the 100 Zimbabwean dollar note inconvenient to big transactions. The Zimbabwean dollar has considerably lost its face value to hard currencies and was trading at about 300 Zimbabwean dollars to the U.S. dollar on the parallel market because of a foreign currency shortage in the country, while the official exchange rate is now 56 Zimbabwean dollars against one U.S. dollar.
In this world, everybody is rushing and chasing for the money Some people fighting and killing each others just because of moneyIn Zimbabwe , all the peoples having a lot of money but they're poor WHY ?? 500 million note, just printed in May 2008 everybody can have it maybe just nice for 1 breakfast/lunch (equal to about USD 2)
HOW MUCH YOU SHOULD PREPARE YOURSELF FOR NORMAL SHOPING ON THE LOCAL MARKETS IN ZIMBABWE.
To buy food in plastic packet.......you have to spend at least 10 million
To buy eggs........6000 million
To buy vegetables.....5 million
Everybody is billionaire
NOBODY WANT TO COUNT THE MONEY JUST WEIGHT IT
YOUNG KID .....ALREADY BILLIONAIRE
After getting montly salary.........you need to rent a taxi or lorry to bring back the money
having drinks!
If you want to eat in restaurant, please prepare the money
CRAZY BUT THATS THE REALITY
Zimbabwes new money denominations, the 500 Zimbabwean dollar note and five Zimbabwean dollar coin, launched by President Robert Mugabe on Friday, have received mixed reactions by users because of a deepening economic crisis billed to be the worst in two decades, Zimbabwe News Agency reported on Sunday. The 500 Zimbabwean dollar note has particularly posed problems between service providers and the paying public as people have been tendering it for purchase of even small commodities requiring a large amount of change, said the report. Eddie Choga, an advertising executive, was quoted as saying that the new note would fuel inflation because prices of basic commodities will go up. The five Zimbabwean dollar coin is also set to cause an inflation of commodity prices, particularly by vendors. Governor of the Reserve Bank of Zimbabwe Leonard Tsumba said it had become necessary to have the new note which is Zimbabwe's biggest because of high inflation, citing that the inflation rate in July this year was 70.4 percent. Tsumba said the Zimbabwean dollar was now worth only six cents compared to 1990, making the 100 Zimbabwean dollar note inconvenient to big transactions. The Zimbabwean dollar has considerably lost its face value to hard currencies and was trading at about 300 Zimbabwean dollars to the U.S. dollar on the parallel market because of a foreign currency shortage in the country, while the official exchange rate is now 56 Zimbabwean dollars against one U.S. dollar.
In this world, everybody is rushing and chasing for the money Some people fighting and killing each others just because of moneyIn Zimbabwe , all the peoples having a lot of money but they're poor WHY ?? 500 million note, just printed in May 2008 everybody can have it maybe just nice for 1 breakfast/lunch (equal to about USD 2)
HOW MUCH YOU SHOULD PREPARE YOURSELF FOR NORMAL SHOPING ON THE LOCAL MARKETS IN ZIMBABWE.
To buy food in plastic packet.......you have to spend at least 10 million
To buy eggs........6000 million
To buy vegetables.....5 million
Everybody is billionaire
NOBODY WANT TO COUNT THE MONEY JUST WEIGHT IT
YOUNG KID .....ALREADY BILLIONAIRE
After getting montly salary.........you need to rent a taxi or lorry to bring back the money
having drinks!
If you want to eat in restaurant, please prepare the money
CRAZY BUT THATS THE REALITY