Can one of the students in EC6012 get a graph of this drop for the class on Tuesday?
Stick it up on your blog and I'll link to it here. We live in interesting times. From the article:
The Zimbabwean dollar had its biggest one-day decline on the black market as traders speculated the government is buying U.S. currency to finance President Robert Mugabe's re-election campaign.
The currency slumped to 20 million per dollar, from 6 million yesterday, traders including John Tonganyika said in interviews today from the capital, Harare. It's the biggest drop since Zimbabwe gained independence from Britain in 1980, said John Robertson, an independent economist based in Harare.
Hi Stephen,
The graph is available In the website http://www.advfn.com/p.php?pid=forex using the especific quote US Dollar vs Zimbabwean Dollar
Regards,
JM
Cheers Johnathan, but I can't find the interday rate for some reason.
S