Mother always said you should learn something new every day....
And today HeeHoo taught me about the Hard Boiled Egg Index !
This is a peculiarly "African" thing. Now seven hard boiled eggs, the length and breadth of
the Continent, should cost one US Dollar ! Or the equivalent in the local currency.
I wonder why they use 7 hard boiled eggs as a measure ?
Surely it should be a dozen eggs, or half a dozen, or at least a Bakers Dozen ?
But SEVEN hard boiled eggs ??
Does anyone know the answer. .....
The HARD BOILED EGG INDEX or HBEI is I gather, a universal currency rate used in Africa....
The Hard Boiled Egg Index is believed to demonstrate "fair value" given its
relationship to continent wide purchasing power parity. Sometimes the
parallel rate gets ahead of the HBEI and sometimes it lags behind (but not
usually for long). Generally the HBEI reflects exchange rate inflation,
regional purchasing power parity, and domestic inflation in a very effective
way.
Well thats the official explanation at any rate.... so next time you buy a hard boiled egg on
the street corner you will have learned something.
Lack of cash is hitting us all really hard. We were allowed to draw just three trillion dollars
per day from the bank. (In the new currency, since they dropped ten zeros, it is just three
hundred Zimbabwe dollars ) Now when one considers that a loaf of bread costs a quarter
of that, one learns to spend ones money wisely !!
Some ingenious ways of finding money have arisen !! The banking sector is in such
disarray that most firms and shops will not accept cheques. A cheque takes five to ten
days to clear and the money has devalued significantly by the time the lolly gets into one's
account .
The RTGS was the saving grace for a while, until the banking system buckled under the
weight of all these zillions, then businessmen started to give different rates for cash in Zim
dollars, a different rate for a cheque and a different rate for an RTGS. Of course first prize
is any other currency !!
A restauranteur offered the following choices in Harare before the nought dropping
debacle. "You either pay me 20 trillion Zim dollars cash, or the cheque rate is 56 trillion or
you give me 90 US dollars." Which payment method would you choose ?
It would take 7 days to draw twenty trillion cash at the allowable withdrawal of three
trillion dollars a day !!
Writing a cheque was an art !! A trillion dollars has twelve zeros, which cheque book has
the space for as many zeros?
HeeHoo wrote a cheque the other day where the zeros went round the corner and up the
side of the cheque !! And the bank accepted it !!
One has sympathy for the business sector but they must be losing money hand over fist.
HeeHoo tells a delightful story of five Captains of Zimbabwe Industry standing glumly in
the Harare Domestic terminal bar, sharing two beers into five plastic cups, ..... the cost of
two beers was seven trillion Zimbabwe dollars, was all these gentlemen of immense wealth
could rustle up between them in local currency !!
How the average man in the street copes I have yet to ascertain. I do however know that
people are dying of starvation, people are dying because their essential medicines are no
longer affordable and people are dying because there are no drugs at all in the hospitals,
even if they could afford to spend even one night in a hospital !!
My own particular designer pills cost 18 trillion for a course of thirty and that was two
weeks ago so they probably would cost double that today.
I have seen today's inflation graph and it goes straight up in the perpendicular !!
We are all familiar with millions and billions and now trillions, but see what we had in store
for us ?
A trillion requires fitting twelve zeros and a zillion has 69 zeros !! Hope they get the
cheque books sorted out quickly !! Thank goodness they dropped all those noughts off.
And so shopping is out of the question, driving to visit a friend costs far too much . Going
for coffee is a definite non starter, for a cup of coffee and a muffin , I would have to go to
the bank ten days in a row !! (With fuel at a trillion dollars a litre !!)
There is certainly no point in going to work, as my wages would not cover my fuel to work
and back daily, and so there is nothing else for me to do but to take up knitting.
Reluctantly.
Yes I am the original reluctant knitter but then nice warm scarf would be ideal for the
security guard. Knit two, purl two, even my state of mind could cope with that......
Mother taught us to knit ..... knitting, sewing and cooking were obligatory for nicely
brought up young ladies in the seventies, I learnt to make a pair of broekies at Eveline
school, we used at least a yard of material, so they were bloomers of note !!
Mum taught us chain stitch, daisy stitch and stem stitch, she taught us to make a button
hole, sew a fine seam, and put in a zipper. She ensured I made a pair of bootees for each
of my children and a tiny little knitted jumper for each baby !!
She taught me to sew curtains, bedspreads and dresses, but the moment she passed on to
a better world, I turned my back on my embroidery scissors and beautiful skeins of
thread, handed my tapestry over to someone a lot more worthy, and joined the ranks of
the modern mums who DO NOT DO SEWING !!
But knitting is fine, it's mindless, it's soporific, it takes my mind off my desire for coffee, it
takes my mind off the endless political turmoil,
The Memorial Service to celebrate the life of Albert Horace Westwood
will be held at the Church of the Ascension Chapel, 73 Leander Avenue,
Hillside, Bulawayo on Friday 29th August, 2008 commencing at 3.30pm.
Carole Johnson
Dear Peter,
It is with a profound sense of sadness and loss that we have learned of
Carole's passing recently. Her great spirit, principle and courage to stand
her ground in any debate made her an exceptional character and icon within
our society. We will all miss her greatly as a wonderful person and member of
society.
We wish you great strength during this period of sorrow and loneliness and
wish you all the best for the future. Hopefully the madness within the
country will pass shortly and we will see you back again in Zimbabwe.
There are no strangers here; Only friends you haven't yet met.
--William Butler Yeats
We are living in a time of trouble and bewilderment, in a time when none of us can foresee
or foretell the future. But surely it is in times like these, when so much that we cherish is
threatened or in jeopardy, that we are impelled all the more to strengthen our inner
resources, to turn to the things that have no news value because they will be the same to-
morrow that they were to-day and yesterday - the things that last, the things that the
wisest, the most farseeing of our race and kind have been inspired to utter in forms that
can inspire ourselves in turn.
- Laurence Binyon
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