Well recovered, Mr Muir!
March 8, 2012
Well recovered, Jim Muir! The BBC Middle East correspondent had started to tell listeners to the Today radio programme that the Syrian pound had “lost 100% of its value” when he suddenly realised the impossibility of what he was saying.
Referring to the way in which the Syrian economy had suffered, he pointed out that the Syrian pound was trading at around 100 to the dollar: “… which means it has lost 100% … well, 50% of its value since the thing started.”
To have lost 100% of its value would mean, of course, that the currency was quite literally worthless, since a drop of 100% leaves precisely nothing.
A halving, on the other hand, is a 50% decrease. To his credit, Jim Muir recognised the potential faux pas and corrected himself just in time.