Zimbabwean Star Can’t Collect Prize Because They Haven’t Printed Enough Money
By: Laurie | December 21st, 2007
You have to feel for players in Zimbabwe. The country has rampant corruption and chronic shortages, and inflation is currently running at 15,000% a year. (And no, I didn’t accidentally add an extra zero there.) If you slept through your econ course like me, this means that anything that cost you $1 a year ago would cost $15,000 $150 now.
So you have to have some sympathy for Zimbabwean Player of the year Murape Murape.
The good news for Murape?
That player of the year prize entitles him to a $1 Billion (Zimbabwean) prize. (Don’t ask me what that’s worth in US dollars, because by the time you read my answer, it wouldn’t be true.)
The bad news?
There’s not enough cash pay him. And with a 15,000% inflation rate, every day that passes without the cash makes it worth significantly less.
Somehow, I think he might prefer to be paid in camels. Or even sheep.
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Comments
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Looks like you also slept through your math course.
15,000% doesn’t equal 15,000 times the original amount. It’s 150 times the original amount.
Posted from
United States
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Laughing here. Scary part is? I have an MBA in finance and accounting. My brain was asleep at the switch today, for sure. Going in to fix it now.
Posted from
United States
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