Thursday, December 18, 2008

more toilet economics: cost-effectiveness in zimbabwe

At around 231 million percent, Zimbabwe’s hyperinflation rate...is currently the highest in the world.

Blog reader Ben Saltsman sent us this photo of a restroom sign in South Africa, which hints at one use for Zimbabwe’s severely devalued currency:



But is it cost-effective for Zimbabweans to use money instead of T.P.?

A roll of toilet paper costs about $1.50 U.S. dollars and has about 352 sheets per roll. That means each sheet is worth about US $.004, or 3,600 Zimbabwe dollars, according to OANDA.com.

So according to these calculations, using a ZWD 1,000 note in place of a piece of toilet paper is a wise financial decision.

~ source: today's Freakonomics:

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