During the 2009/2010 festive season, US$1 could have instantly made you US$100,000 richer. How? All you had to do was buy a scratch card from the State Lotteries and all going well you could have won that amount. Another popular game that was introduced was Bingo which people could play Monday to Saturday from 11am [...]
Continue reading...Saturday, October 25, 2008
Zimbabwe’s economy might be in the doldrums but there are people there who are making a lot of money. Patrick M at Zimbablog wrote an article on ways of making money in Zimbabwe, “The 13 best ways to make money in Zimbabwe”. He outlines a few things that people have been doing to make themselves [...]
Continue reading...Friday, August 1, 2008
At the start of 2007 ZW$10,000 notes were selling for about US$50 on Ebay and a number of people took advantage and sold the notes for more they were worth. With the introduction of the $100 Billion Dollar note ($100,000,000,000), selling notes for more than they are worth is happening again. As of today, there [...]
Continue reading...Tuesday, November 20, 2007
US $1 is now worth ZW $2,000,000 on the black market. Inflation is said to be around 15,000% (independent analysts put it much higher). Is it all a result of Mugabe’s mismanagement and controversial policies? Mugabe recently said that Zimbabwe’s economy would not collapse. What marks the collapse of an economy? The economy has been spiralling downward for a decade [...]
Continue reading...Sunday, November 11, 2007
One US Dollar will get you One Million Zimbabwe Dollars. That is just ridiculous!! I checked the official bank rate about two to three weeks ago and it was ZW $30,000 to US$1. The official rate doesn’t really mean much for everyday people in Zimbabwe because you can’t get yourself any foreign currency at the [...]
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Friday, June 25, 2010
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