Friday, February 20, 2015

Zimbabwe Legislators Propose Medal For Former Central Bank Head

The Annals of Improbable Research are the folks who each year award the Ig Nobel prizes
From Improbable Research:
New Zimbabwe reports, on February 12, 2015:
legislators proposed that the governor at the time, Gideon Gono be given a medal for his unorthodox efforts to rescue Zimbabwe’s beleaguered economy
Some of those extraordinary efforts led to Dr. Gono being awarded an Ig Nobel Prize. The prize citation reads:
2009 Ig Nobel Prize for Mathematics: Gideon Gono, governor of Zimbabwe’s Reserve Bank, for giving people a simple, everyday way to cope with a wide range of numbers — from very small to very big — by having his bank print bank notes with denominations ranging from one cent ($.01) to one hundred trillion dollars ($100,000,000,000,000).
REFERENCE: Zimbabwe’s Casino Economy — Extraordinary Measures for Extraordinary Challenges, Gideon Gono, ZPH Publishers, Harare, 2008, ISBN 978-079-743-679-4.
Here is one of those hundred trillion dollar bills:
http://upload.wikimedia.org/wikipedia/commons/3/3e/Zimbabwe_$100_trillion_2009_Obverse.jpg