Burning

🇿🇼 Zimbabwe
Added August 02, 2025
TOP DEFINITION
In Zimbabwe's financial slang, 'burning money' referred to exploiting currency arbitrage during hyperinflation. People would trade Zimbabwean dollars for US dollars via bank transfers at absurd rates, effectively 'burning' one form of money to get another. Now, kutengesa nechimbichimbi (burning) can mean any fast speculative deal.
"Back in '08 he made billions burning Zim dollars on the parallel market – azova mupfumi overnight. (Meaning: Back in 2008 he made billions by rapidly trading Zim dollars on the parallel market – he became rich overnight.)"
by Khulekani Dladla Elder · August 02, 2025
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