Zimbabwe Absurdity

A customer called me yesterday to organize payment for seedlings to be collected. Being someone who grows for the export market I quoted him the US dollar price. He then asked for the local price so taking the previous day’s rate I hiked it a bit to make it unattractive and told him the total. He said he’d do the transfer right away. Damn! I found out why he did not opt for the “cheaper” option. It was quite simple really; I’d not been up with the rate. Instead of the 25 million to one US dollar that I’d used it was actually around 30! I took my eyes off the ball and it cost dearly.