WORTHLESS: Zimbabwean Dollar

zimbabwe-cash-inflation1

In a dramatic — though hardly unexpected — move, Zimbabwe’s government has stopped the trade and circulation of its domestic currency, the dollar.

Citing a lack of treasury resources to back their national notes, Zimbabwe will now rely on foreign currency for hand-to-hand monetary transactions. Indeed, foreign currency has been circulating officially throughout the country since January.

The move — while providing tangible proof of Zimbabwe’s failed-state status — is being criticized as another blow to the poor, who lacking foreign notes, will have even less access to basic goods and services.

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3 Responses to “WORTHLESS: Zimbabwean Dollar”

  1. This is messed up

  2. transracial Says:

    i know dude, i know

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