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Too many zeroes spoil the till

Zimbabwe's record runaway inflation of more than 1000% has resulted in the number of zeroes in transactions increasing all the time such that according to The Financial Gazette article its causing problems to computer systems that were not designed to handle such big numbers.

You can imagine a store till that was purchased five years ago and handling bread at say Z$195 in 2002 now being asked four years later to handle the same bread but at a staggering Z$200,000. This is just bread but what about things like lounge suites, let alone cars and houses. Those in Zimbabwe could update me on how much some of these things now cost but whatever they cost now the bottom line is the number of zeroes has increased.

The interesting part are the proposed solutions to all this. What I found most intriguing is the concept of the kilo dollar. The kilo dollar according to a Sunday Mirror article would be worth Z$1000. I think all these ideas are just short term ones because this looks like an economy that needs a long term fix.

Category: Zimbabwe | Comments : 9