Zimbabwe has gone from one economic crisis to another over the last decade. Estimates of the country’s unemployment levels vary, but the country’s biggest trade union claims the jobless rate was as high as 90% earlier this year.
Zimbabwe has struggled with hyperinflation, which peaked in 2008. The country was forced to abandon its own currency at a rate of Z$35 quadrillion to US$1, adopting the use of foreign cash.
Because of a continuing chronic shortage of hard money, the government issued their own version of dollars called bond notes, but they have rapidly lost their value.
People with money stored electronically in banks are unable to access it, or are subject to strict limits on what they can withdraw. Because of this, crypto-currencies that are traded online have risen in popularity. Following the news of the military takeover, Bitcoin prices in Harare surged on Wednesday.
The third dollar rates above are OMIR. The cash rate differs significantly to the above rates. The table below is the cash rate of the third dollar history:
|Month||ZWR per USD|
|Sept 2008||1 000|
|Oct 2008||90 000|
|Nov 2008||1 200 000|
|Mid Dec 2008||60 000 000|
|End Dec 2008||2 000 000 000|
|Mid Jan 2009||1 000 000 000 000|
|2 February 2009||300 000 000 000 000|
On 2 February 2009, the RBZ removed 12 zeros from the currency, with 1,000,000,000,000 (third) Zimbabwe dollars being exchanged for 1 new (fourth) dollar. Although the dollar was abandoned on 12 April 2009, exchange rates were maintained at intervals for some months. Therefore, the fourth dollar would be worth 200,000,000,000,000,000,000,000,000,000,000,000, or 2×1035 first dollars if never revalued.
On 4 June 2015, it was announced that the Reserve Bank of Zimbabwe would exchange some of the old banknotes for US dollars.
A selection of Reserve Bank of Zimbabwe bearer cheques printed between July 2007 to July 2008 (now expired) that illustrate the hyperinflation rate in Zimbabwe.
Hamas ‘seizes Israeli spy dolphin’ off Gaza
Hamas claims to have captured a dolphin being used as an Israeli spy off the coast of Gaza, local media report.
The militant Palestinian Islamist group, which dominates Gaza, says the mammal was equipped with spying devices, including cameras, according to the newspaper Al-Quds (in Arabic).
It was apparently discovered by a naval unit of Hamas’s military wing and brought ashore. Al-Quds said that the newest recruit was “stripped of its will” and turned into “a murderer” by the Israeli security services.
It shows the extent of Israel’s “anger” and “indignation” at the formation of Hamas’s naval combat unit, the paper reports.
Israeli authorities have not commented on the media reports.
This photo was possibly released by Russian intelligence, apparently taken from a Russian mini-sub.
The dolphin appears to have some type of massive camera harnessed to its back
It is not the first time that Israel has been accused of using animals – and birds – for spying purposes.
In 2010 Israel dismissed Egyptian claims that a series of shark attacks in the Red Sea could have been the result of a Mossad plot.
A few weeks later a vulture found in Saudi Arabia with a GPS transmitter was accused of being an unwitting Mossad operative.
And in 2012, villagers in Turkey feared a small migratory bird found dead with a ring on its leg had been an Israeli spy. Their fear proved unfounded.
Israel controls most of Gaza’s borders, coastline and airspace
More animal wars:
A huge vulture detained in Lebanon on suspicion of spying for Israel has been returned home after UN peacekeepers intervened, Israeli officials said.
The bird, which has a 1.9m (6ft 5in) wing span, flew over the border from an Israeli game reserve and was caught by Lebanese villagers on Tuesday.
They became suspicious as the griffon vulture had a tracking device attached to its tail.
It is part of a conservation project to reintroduce raptors to the Middle East.
Wildlife officials say the vulture was brought from Spain last year and set free about a month ago in the Gamla Nature Reserve in the Israeli-occupied Golan Heights.
Tel Aviv University is involved in tracking the bird, and as well as a GPS transmitter, it had tags on its wings and an engraved metal ring on its leg saying: “Tel Aviv Univ Israel”.
“If you could have a floating city, it would essentially be a start-up country,” Joe Quirk, the president of the Seasteading Institute told the New York Times. “We can create a huge diversity of governments for a huge diversity of people.”
The community in question should consist of about a dozen structures, including homes, hotels, offices, and restaurants. Engineers and architects have already visited an undisclosed location where the project should emerge. The main aim of the idea is to “liberate humanity from politicians” and “rewrite the rules that govern society”.
Quirk claimed that building this utopian offshore will cost about $167 million. The Seasteading Institute has already received seed funding from PayPal founder Peter Thiel, however for the next phase of the project the institute hopes to hold an “initial coin offering,” a crowdfunding campaign which raises money by creating and selling virtual currency.
Floating cities are no longer science fiction
So far in 2017 crime in Winnipeg is slightly down from 2016. However, there is still 6 weeks to go.
The Winnipeg police seem to have gotten control of the gangs in the city, they are not killing each other like they did in past years. There was a big gang bust just this week.
Drunken party knife homicides are way down. Maybe the revelers in the North and West Ends are wearing Kevlar vests when they crack open the 24’s of brew. Shootings are way up. It has went from street brawling with fists, to pulling out big knives, to now pulling out a snub nose 44 to settle disputes.
Relatively good year.
Canada will be legalizing Cannabis next July. This should make a major impact on the underground black market drug trade. Less money for the gangs.
The police will have to keep a strong presence on the streets.