Article from the Past: Three Eggs for $100 Billion

Occasionally, we reprint timeless Stockerblog.com articles from the past. Here is one that got a huge number of views when it was first published:


I've written numerous articles about the recent outrageous inflation in Zimbabwe and the issuance of the highest denomination of banknotes in history, including the notorious $100 trillion dollar bill.

Now the site Email Forwards, which features interesting emails that have recently been forwarded around the world, has posted a list of pictures that really put the Zimbabwe inflation situation into reality.

The first picture shows a boy on his way to the market with hundreds of bills worth about one US dollar. The second shows a man with bundles of Zimbabwe bills worth about $100 US.


The third picture shows the purchase of three eggs. Price: 100 billion Zimbabwe dollars. The fourth picture shows the payment for a meal at a Zimbabwe restaurant.

Fortunately, Zimbabwe now has their inflation under control, now that the country is allowing the use of foreign currencies, including the US dollar, for commerce. And the countries former high denomination bills have now become collector's items, mementos of runaway inflation.

Source of pictures: emailforwards.net

Zimbabwe May Back Their Currency with Gold

Anyone who has read this blog on a regular basis knows that Zimbabwe and its financial situation has been covered extensively. The article on Zimbabwe in Pictures received a substantial number of views. And of course the articles on the Zimbabwe 100 trillion dollar bill has generated significant interest. Also the inflation rate of over a trillion percent.

Now even more news, the government of Zimbabwe is now considering backing the country's currency with gold, saying that the "days of the US dollar as the world's reserve currency are numbered.". I'm not sure what will happen to the Zimbabwe 100 trillion dollar bills that are held by collectors.