Googol Zimbabwean dollars

Zimbabwe is on its third dollar. Its first dollar, introduced in 1980, replaced the Rhodesian dollar, and was valued at USD1.47. Its second dollar was introduced in October 2005, and was worth 1,000 first dollars. Its third dollar, introduced in July 2008, was worth 10bn second dollars, or 10 trillion first dollars.

Assuming the current inflation rate of 231,000,000% holds, then the currency should be revalued in February 2021 such that 1 new dollar equals a googol first dollars. (That’s 1 followed by a hundred zeros.)

Inflation has increased from 2,200,000% in July to 231,000,000% in October. That’s a 43 percentage point increase in monthly inflation each month, from July’s monthly inflation of 248%.

If the inflation rate increase continued linearly to the same extent that it has between July and October 2008, then the googol note would be introduced as soon as June 2014.

5 Responses to “Googol Zimbabwean dollars”

1. Andy Helm on October 17th, 2008 13:39

And for the curious, how long before we reach the googolplex dollar ?

2. andy on October 20th, 2008 17:26

Dan – you don’t have a place for general comments, so I’ll ask my questions here:

Accenture are running a TV ad feat. Tiger Woods in which he attempts to chip a series of golf balls into the hole from a position where he can’t see where the hole is. He’s being verbally guided by a caddy as to how close to the hole each ball lands. He finally gets one in and the strap line is some thing like “2% luck, making your own luck 98%”

To my untutored mind that seems to be bunkum. It’s not luck at all – it’s just probability and skill isn’t it?

The second one is also odd: it runs with the line “Preparation 110%”

Is it possible to prepare for something 110%? I wouldn’t have thought so.

Seems odd that a company striving to publicise its consultancy potential shouldn’t be able to grasp the obvious flaws in these. What do you think?

3. Dan on October 20th, 2008 18:57

Hi Andy. Not sure if you’re the Andy I know, the Andy Helm that commented before the last comment, or some other Andy. All other things being equal, you’d be another Andy altogether. Probably an American Andy given the ad.

Anyway.

I think the chances are affected by two things: relationship with caddy; Tiger’s skill. In some respects he’s making his own luck by being able to pitch every ball within a dustbin lid of the pin every time, and being able to adjust more reliably to the caddy’s instructions than I could ever do.

So Tiger’s chances of a hole-in-one, or of chipping in from a bunker, are slightly higher than mine because the position in which his ball ends up is a relatively small circle centred around the pin; while mine is probably not a circle, and almost certainly not centred at the pin. (More likely centred on a bunker; or water.)

As for the other question, the mathematician in me would have preferred it if they’d said Preparation H, where=110%

The concept of putting 110% preparation into something is ludicrous, just as is 100% preparation. Even for the trivial things in life, ridiculous amounts of preparation can be wiped out by turns of events outside of your control. And our ability only to apply a finite amount of resource to preparation cannot prepare us for every eventuality.

Accenture always were overrated in my opinion 😉

4. Andy on October 21st, 2008 12:05

Sorry to have set your heart a-flutter with the prospect of a hithertofore unknown Andy bothering to comment on your site. All too prosaically, I’m the Andy you know.

My problem with no. 1 is that surely, mathematically, there’s no such thing as luck. Or is there? If I roll three double sixes in a row, that’s not luck, it’s just probability isn’t it? Similarly, if I hit 100 golf balls at the pin and 2 go in (ignoring the capacity of the hole for the moment) then that’s not luck either.

Have 1,000 words on the existence of luck on my desk by 10 am tomorrow Harrison or you’re outta here!

5. Dan on October 21st, 2008 12:29

Seven words:

Luck doesn’t exist. But skill increases probability.