FREAK Shots: When Money Goes Down the Toilet

At around 231 million percent, Zimbabwe’s hyperinflation (which we’ve written about before) is currently the highest in the world.

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:

INSERT DESCRIPTIONPhoto: Eugine Baron

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:

INSERT DESCRIPTIONPhoto: Robert D. Gary

ualawdude

401-K is tax-deferred, not tax-free. Too bad it is so difficult to get money out early. Most 401-k investments are denominated in USD, which are on the same path to worthlessness as Zimbabwe's currency. Give it 5 years. That cup of soup might look pretty good.

Glenda11..

Basically, the market for foreign currency translation deals with trade between different currencies. In this business, you buy a currency at a foreign currency of another type. The industry works only on speculation. The participants of currency conversion to eangage in trading and buy foreign currency, expecting the currency to be worth more in the future.

Valutahandel

anonymous

woooohh!!! funny!!! amazing!!!

cant stop laughing! :D