Are You Kidding Me? #Zimbabwe Hyperinflation #economics #finance #math

This is a real thing. Seriously.

So this happened: Zimbabwe phases out local currency at 35 quadrillion to US$1.

In short, Zimbabwe’s dollar faced record-breaking levels of inflation. They’ve decided to standardize themselves against the US dollar. The result? “People with accounts of up to 175 quadrillion (175,000,000,000,000,000) Zimbabwean dollars will be paid $5.” When I next discuss Graham’s Number with someone, I’ll add 175,000,000,000,000,000 as an example of a “useful number.”

Follow me on Twitter @PropertyAtty

Rob Bodine is a Virginia attorney focusing his practice on real estate and intellectual property law. He’s currently Virginia counsel with First Class Title, Inc., a Maryland title insurance and settlement company. Rob is also a licensed title insurance agent in Florida, Maryland, Pennsylvania, and Virginia.

Advertisements

Leave a comment

Filed under Economics, Finance, Math, Science

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s