Funny money and the real stuff
Ok, I wasn’t quite truthful, there’s not LOTS of funny money – there’s just more than we’ve had in the past.
Once upon a time there was just Zimbabwe dollars and we got by. Then they crashed, and people were sad, so we got US dollars because that’s how economics works and everyone was happy again. Now there are not so many US dollars (as notes but there’s plenty in accounts which we can’t use to import anything) because lots, really lots, have been stolen.
So when things started to change again the Zimbabwe Reserve Bank in its unfathomable wisdom saw fit to introduce Bond Notes and everyone panicked and withdrew their cash and mobile (phone) cash became king, dominated by one Ecocash who saw fit to charge extortionate fees so banks saw fit to introduce their version of mobile cash. These are debit cards that can be managed on phones and we got a swipe card machine and people were happy again (but only sort of).
Not many bond notes came across my desk and I was happy too (again only sort of). I did get lots of text messages on my cellphone confirming that people had used their cards to pay direct to my bank so I don’t check messages that much and miss the important ones. Now the funny money (top of the pile in the photo) is coming across my desk in much larger quantities as people try to get rid of it, pass the hot potato if you like. The government has decided to tax potatoes, before they can even get hot, and other basic foodstuffs too so everyone is unhappy again. But nobody is going to do anything about it.
Banks have said that if we deposit cash (the real thing in the photo – not the funny money) then we can import stuff to keep going but I haven’t found out if my cash, assuming I have it, is going to be flown to India to buy more raw materials or it’s just a ruse by the Reserve Bank, that in it’s wisdom (again), wants to mop up all the real money for the government to spend on paying employees or, more likely, on itself (which some people might be suspicious of).
It’s not looking good. Not at all.
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Zimbabwe Absurdity 
Loadsa funny money
1 02 2017Funny money and the real stuff
Ok, I wasn’t quite truthful, there’s not LOTS of funny money – there’s just more than we’ve had in the past.
Once upon a time there was just Zimbabwe dollars and we got by. Then they crashed, and people were sad, so we got US dollars because that’s how economics works and everyone was happy again. Now there are not so many US dollars (as notes but there’s plenty in accounts which we can’t use to import anything) because lots, really lots, have been stolen.
So when things started to change again the Zimbabwe Reserve Bank in its unfathomable wisdom saw fit to introduce Bond Notes and everyone panicked and withdrew their cash and mobile (phone) cash became king, dominated by one Ecocash who saw fit to charge extortionate fees so banks saw fit to introduce their version of mobile cash. These are debit cards that can be managed on phones and we got a swipe card machine and people were happy again (but only sort of).
Not many bond notes came across my desk and I was happy too (again only sort of). I did get lots of text messages on my cellphone confirming that people had used their cards to pay direct to my bank so I don’t check messages that much and miss the important ones. Now the funny money (top of the pile in the photo) is coming across my desk in much larger quantities as people try to get rid of it, pass the hot potato if you like. The government has decided to tax potatoes, before they can even get hot, and other basic foodstuffs too so everyone is unhappy again. But nobody is going to do anything about it.
Banks have said that if we deposit cash (the real thing in the photo – not the funny money) then we can import stuff to keep going but I haven’t found out if my cash, assuming I have it, is going to be flown to India to buy more raw materials or it’s just a ruse by the Reserve Bank, that in it’s wisdom (again), wants to mop up all the real money for the government to spend on paying employees or, more likely, on itself (which some people might be suspicious of).
It’s not looking good. Not at all.
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