Blog reader Ben Saltsman sent us this photo of a restroom sign in South Africa, which hints at one use for Zimbabwe’s severely devalued currency:
But is it cost-effective for Zimbabweans to use money instead of T.P.?
A roll of toilet paper costs about $1.50 U.S. dollars and has about 352 sheets per roll. That means each sheet is worth about US $.004, or 3,600 Zimbabwe dollars, according to OANDA.com.
So according to these calculations, using a ZWD 1,000 note in place of a piece of toilet paper is a wise financial decision.
While American currency isn’t yet considered a cheaper substitute for toilet paper, there are other signs that it’s lost some value: