Zimbabwe's hyperinflation has become so extreme that the treasury there is set to print 100 trillion, 50 trillion, 20 trillion and 10 trillion notes. 100 trillion Zimbabwean dollars are worth about US$300. Wait. Now it's US$290. Quick, spend it, while there's still time.
Even vegetable vendors prefer the U.S. dollar, South African rand or Botswanan pula, and most workers now demand their salaries in foreign currency. Doctors and nurses have been on strike since last September, demanding salaries in U.S. dollars. The strike coincided with a cholera epidemic that now has claimed more than 2,000 lives.
Last week, the state media reported that most teachers had left their jobs. As a result, the end-of-year examinations taken in November are yet to be graded after the markers demanded their wages in foreign currency. Schools are yet to re-open this year awaiting the examination results
Zimbabwe to print first $100 trillion note
[[Editor's note: I was the Electronic Frontier Foundation's first-ever European Director, which was a crazy and amazing job at a time when the organization was much smaller; now EFF is much bigger, and international issues are a much bigger deal for us, with bad policy ideas ricocheting around the globe and needing a coordinated response; […]
Composer and producer Josiah Steinbrick — who has worked with the likes of Devendra Banhart and Danger Mouse along with releasing his own music — is also a rigorous record collector and curator of all varieties of outernational music — ancient and contemporary — and experimental/avant-garde sounds from around the globe. Through his Instagram feed, […]
Australian retailers are required to collect 10% Value Added Tax on every sale; Amazon's Australia store collects this tax, but the company has rejected any suggestion that its non-Australian stores should collect the tax on shipments bound for Australia.
Need to upgrade your sound? Bluetooth technology has never been better, but that’s not the only reason to look into a new set of speakers or headphones. We found ten pieces of audio gear that are already on sale, and you can take an additional 15% off the final price for Memorial Day weekend by […]
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