📚 This is an archive of Aid Thoughts, a development economics blog that was active from 2009 to 2017. Posts and comments are preserved in their original form.

"That'll be two hundred trillion dollars and three cents, please..."

Gideon Gono, the Governor of Zimbabwe's Reserve Bank has been rewarded with the Ig Nobel Prize in Mathematics in recognition of his innovative response to Zimbabwe's economic situation: printing new bills with denominations ranging from One Cent to One Hundred Trillion Dollars, to facilitate the public response to absurd prices.

Matt would like to see the punishment of what he describes as 'economic crimes against humanity', were it feasible. No doubt the fellow who bought these eggs would agree.

One Hundred Billion Dollars, you say? Hang on, let me get my money clip...
"One Hundred Billion Dollars, you say? Hang on, let me get my money clip..."

I'm a talkative (and blogative) chap. But sometimes words fail me, and all I can do is say 'ugh'.

Categories: Africa Governance
Tags: ugh