Monday, June 30, 2008

5 more years

On Sunday afternoon, President Robert Mugabe was inaugrated once again as President of Zimbabwe. He is the only President of Zimbabwe in my lifetime..

When I was born, Ronald Reagan was the US President. After him- George H.W Bush had one term, Clinton served two terms and George W Bush has also served 2 terms. All that time- Mugabe has been in power. And that is not even the start of Mugabe's reign- he had already been in power 8 years by the time I was born!! Hard to compare? I think so...

On Friday of last week, as Zimbabweans "went to the polls", inflation was reported to have reached 9 000 000%. I really dont know how to put this in comparison- maybe by comparing it to US inflation which is currently 4%. Nothing that we can compare it to will put it into perspective.

The USD is trading at around $1.99 to the pound at the start of this week. Compare this to the Zimbabwe figure of 85 Billion Zimbabwe dollars to one British Pound.. It is pretty accurate to say that the USD and pound will trade at around $2 this week- normally I just double any pound figure to get the USD figure. However, the Zimbabwe exchange rate will fluctuate greatly by the day- possibly by the hour.....

What is next for Zimbabwe????

No comments: