really!), and $1 billion is 40,000 inches (that's 0.63 miles high: much more impressive!), $1 trillion in $100 dollar bills is 40,000,000 inches high, which is 631 miles. Suddenly Arnault's and Elon's fortunes seem smaller, although one wonders whether we'...
Fiat money gives central banks greater control over the economy because they can control how much money is printed. Most modern paper currencies, such as the U.S. dollar, are fiat currencies. One danger of fiat money is that governments can print too much of it, resulting in hyperinflation....
Bulawayo to Vic Falls is 472 km. How much does it cost? One-way per berth 1st class berth 2nd class berth Economy class seat Bulawayo to Vic Falls: Z$ 30 Z$ 26 Z$ 23 Fares are very cheap, and got even cheaper with the restoration of the Zimbabwe Dollar in June 2019. Bedding is...
In a more modern example, the Zimbabwean government demonetized its dollar in 2015 as a way to combat the country’s hyperinflation. At its peak, Zimbabwe's hyperinflation reached month-over-month growth of 79.6 million percent growth and year-over-year growth of 89.7 sextillion percent.4The t...
The problem with throwing around so much money is that it becomes difficult to see what is working and what is not. Manufacturers in Oman, making products from aluminium to ammonia, can get a factory rent-free at one of the country’s new industrial parks, buy materials with generous grants...
Even if demand for the dollar plummeted, the Fed could in principle (barring Zimbabwean levels of incompetence and corruption) keep burning money until a dollar is scarce enough to be worth the “right” amount. In addition to directly securing the value of the dollar, this capability also re...
What happened to the Zimbabwe currency? How much revenue does the Government of India earn by breaking the rules and regulations of traffic? Does this include in GDP of India? What is the current (within the last 48 hours) exchange rate between the U.S. dollar and the Chinese Yuan?
Mobolaji Ajayi, the Nigerian founder and CEO of Purelife Pharmacy, has been named one of the top 10 finalists in the Africa’s Business Heroes Prize Competition. Seven opportunities in Zimbabwe’s agriculture sector Staff Writer10 November 2024 ...
The first major downside of buying Bitcoin in person is that most crypto ATMs have a limit on how much can be bought at one time. If you only want to pick up a few hundred dollars or euros worth of BTC or ETH they could be a good option, but stashing tens of thousands of dollars...
“It doesn’t bode well for development partners who would want to assist Zimbabweans through the government, but cannot trust that the much-needed assistance will reach intended beneficiaries owing to the chronic corruption,” she said.