Zimbabweans will start exchanging 'quadrillions' of local dollars for a few US dollars next week, as President Robert Mugabe's government discards its virtually worthless national currency, the central bank said on Thursday.
The southern African country started using foreign currencies like the US dollar and South African rand in 2009 after the Zimbabwean dollar was ruined by hyper-inflation, which hit 500bn percent in 2008.I have one of the 100 trillion dollar notes shown at the link.
From the BBC:
But from Monday, Zimbabweans can exchange bank accounts of up to 175 quadrillion (175,000,000,000,000,000) Zimbabwean dollars for five US dollars.
Higher balances will be exchanged at a rate of Z$35 quadrillion to US$1...
Zimbabwe's economy has struggled since a government programme seized most white-owned farms in 2000, causing exports to tumble.
Mr Mugabe has always blamed the economic problems on a Western plot to oust him.
Update, 8/28/16: Here are two articles from the left-leaning New York Times, one older and one relatively new.
3/23/05 A Morsel of Goat Meat
The hungry children and the families dying of AIDS here are gut-wrenching, but somehow what I find even more depressing is this: Many, many ordinary black Zimbabweans wish that they could get back the white racist government that oppressed them in the 1970's.8/24/16 ‘No One Is Safe’: Zimbabwe Threatens to Seize Farms of Party Defectors
"If we had the chance to go back to white rule, we'd do it," said Solomon Dube, a peasant whose child was crying with hunger when I arrived in his village. "Life was easier then, and at least you could get food and a job."
Do I even need to quote from that one? Or is the title clear enough?