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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (12372)	10/5/2008 1:14:19 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 71479

The savings rate at Stanbic Bank or Barclays in Zimbabwe last year were indeed 15% . . . but that was the monthly rate, for an annual rate of roughly 600%. With Zimbabwean inflation this year at 11 million percent, the savings rate is correspondingly higher - changed daily. But there is now such a currency shortage that withdrawals are limited to $20,000 Zimbabwe per day. This limit does not apply to debit card transactions, otherwise the economy would be at a halt. dailymail.co.uk Both Stanbic and Barclay's Zimbabwe remain profitable, even on an inflation adjusted basis. It's amazing what people can adapt to. .