Getting buggered at work with 2 days to get out of here. I need sleep. Or coffee and chocolate. Lots of it!
**************
Living in Malawi is like being inside of a economics text book. The IMF left the country yesterday, rumors of currency devaluation sent prices soaring - stuff like bread, sugar and essential commodities. Petrol went up from 380 Kwacha to 480 Kwacha - not that it made much of a difference, because there was no petrol to buy. I think inflation in the last 2 months can be pegged at 80-100%.
People are placing bets on how bad the Kwacha is going to get. A friend of mine is betting at 2000 Kwacha to a dollar (from the current 165 Kwacha to a dollar) by next March. Whee!
**************
Living in Malawi is like being inside of a economics text book. The IMF left the country yesterday, rumors of currency devaluation sent prices soaring - stuff like bread, sugar and essential commodities. Petrol went up from 380 Kwacha to 480 Kwacha - not that it made much of a difference, because there was no petrol to buy. I think inflation in the last 2 months can be pegged at 80-100%.
People are placing bets on how bad the Kwacha is going to get. A friend of mine is betting at 2000 Kwacha to a dollar (from the current 165 Kwacha to a dollar) by next March. Whee!
No comments:
Post a Comment