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Dismal prediction for Zimbabwe proves accurate

Tom White

15th May 2008

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In the blog I suggested that without the hasty departure of the tyrant Robert Mugabe, things would get worse. Back in April, the Bank of Zimbabwe had just issued a 10m Zimbabwe dollar note. I predicted a billion dollar note in a couple of months.

Unfortunately, it’s looking like my gloomy prediction may prove true. Today the BBC report that Zimbabwe bank issues $500m note. That’s worth a couple of bucks. So a billion Zim dollars is equivalent to around five US dollars. For now.

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Tom White

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