Article

2007-10-20 Africa Subsaharan

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred 2007-10-20 00:00|| || Front Page|| [6 views ] Top

#1 Whoa! So, like, I'm a Zimbo millionaire? Who knew?

Posted by Zenster">Zenster 2007-10-20 05:35|| 2007-10-20 05:35|| Front Page Top

#2 Considering moving there to live, Zen?

Posted by gromgoru 2007-10-20 07:38|| 2007-10-20 07:38|| Front Page Top

#3 Here's 3 US dollars; I'd like to exchange it for Zim dollars - in ones please. I'm not sure where I'll store them, but it should keep me in toilet paper for a long, long time.

Posted by Glenmore">Glenmore 2007-10-20 09:38|| 2007-10-20 09:38|| Front Page Top

#4 Letter from Cathy Buckle, today.

"Posted: 20 Oct 2007 12:07 Post subject: Operation Sunset Saturday 20th October 2007

Dear Family and Friends,
It's been just over a year since three zeroes were removed from our currency. That move in August 2006 was called Operation Sunrise and turned a million into a thousand dollars and a thousand into a single dollar. Thirteen new notes were introduced. They weren't bank notes, still had expiry dates on them and were called Bearer Cheques. Now, just fourteen months later ten of those notes are as good as useless, two are useful for change but actually buy nothing and one new, bigger denomination note has been introduced.

Zimbabwe stumbled distressingly through the money change a year ago. Great armies of youths were disgorged onto our streets and they stood at roadblocks demanding to see how much money we had on us. Cars, buses, suitcases and handbags were searched and anyone found with more money than stipulated by the Reserve Bank, had their money seized. On a lower level, people with a million dollars in their bank or savings accounts, discovered that overnight the zeroes had been removed and a million became a thousand. Those lost zeroes are coming home to roost now as many investment centres are announcing new minimum balances of a million dollars - anything less and the accounts are being made dormant. Pensioners and others on fixed and minimum incomes are losing their precious savings again.

Fourteen months down the line since the zero slashing and Zimbabwe is back in that same ridiculous place again. The queues in the banks are huge, the piles of money we have to carry around have reached satchel size proportions, our regular bills are in millions and calculations run into billions very rapidly. We've stopped using paper clips to hold notes together and are back in rubber band land again. The prices of the few things still available to buy are so large they we're all back to peering at price stickers and counting the zeroes again. The money counting machines which temporarily went into the storerooms are back out on the counter tops and whirring their way through endless piles of almost worthless money.

Earlier in the week the official inflation rate was announced to be 7892%. With virtually no food to buy in the shops, it's impossible to try and understand just exactly how the food part of the inflation calculation is made. However it's done, is a world away from what's happening on the ground. When you've gone without a basic household product for three months or more, you grab it when you see it and just hope you've got enough money to pay for it. This week it was margarine. The last time this was openly on sale it had been 100 thousand dollars On Monday a friend said she'd seen margarine but it was 400 thousand dollars for a 500g pack. By Tuesday it was gone. On Wednesday it was back, same brand, same size but the price had gone up to 620 thousand dollars. By Friday there were only four or five packets left on the shelf and the price had gone up again, this time to 720 thousand dollars.

It's virtually impossible to live like this and everywhere, everyone longs for change. For most of us the politics, the secret talks, the quiet diplomacy and the rumours about succession have left the suffering of the ordinary people completely out of the equation.We are waiting, just waiting, for Operation Sunset.
Until next week, thanks for reading, love cathy".

Sorry for length of post.

Posted by rhodesiafever 2007-10-20 12:14|| 2007-10-20 12:14|| Front Page Top

#5 If Zimbob floats the explanation that the imperialist US dollar has devalued to now be a millionth of a Zim, he might win the Nobel Prize for Economics next year.

Posted by Phinater Thraviger 2007-10-20 13:42|| 2007-10-20 13:42|| Front Page Top

#6 When winter sets in, at least they'll all have something to burn for heat.

Posted by Zenster">Zenster 2007-10-20 15:09|| 2007-10-20 15:09|| Front Page Top

#7 RF, all letters from Cathy Buckle are most welcome, either as a comment or as a post. AoS.

Posted by Steve White">Steve White 2007-10-20 15:21|| 2007-10-20 15:21|| Front Page Top

23:39 gromgoru
23:28 Barbara Skolaut
23:24 Barbara Skolaut
23:15 Zenster
23:14 gromgoru
23:09 mhw
23:06 Zenster
23:03 Pappy
23:03 Ricky bin Ricardo (Abu Babaloo)
22:57 mhw
22:46 Pappy
22:44 3dc
22:25 3dc
21:55 Frank G
21:54 Frank G
21:53 Zenster
21:49 Alaska Paul
21:47 Frank G
21:46 Frank G
21:44 mhw
21:43 Alaska Paul
21:40 Frank G
21:39 mhw
21:39 Frank G