You likely have more money than Zimbabwe

Zimbabwe checks its bank balance, finds only $217

Before you get depressed about the state of your finances, spare a thought for the nation of Zimbabwe, which as of Tuesday had exactly $217 in the bank.

That's 217 dollars, not $217 million or $217 billion.

Finance Minister Tendai Biti said Tuesday that that was all that was left in the country's public accounts after it paid its civil servants last week, the South African Press Association reported. He told reporters in the capital, Harare, that some of them were probably better off than the state.

After a decade of inflation hit 500 billion percent in 2008 — leading to the issuance of 100 trillion-dollar bills in Zimbabwean currency — the country switched to the U.S. dollar and formed a coalition government in 2009, which the International Monetary Fund credited in September with taming inflation and stabilizing the economy.
Comment: For all interesting Zimbabwe links click here. Be sure to find my favorite "When you cannot flush your money "


  1. It's like socialism doesn't work.

    Hey, maybe someone had better let President Obama know!

  2. More: Zimbabwe Is Down to Its Last $217

    Zimbabwe, the country that's home to some of the world's largest platinum and diamond reserves, literally has the same financial standing as a 14-year-old girl after a really good birthday party


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