Zimbabwe To Introduce 100 Billion Note

by James & Miel on January 16, 2009 · 0 comments

Hi All,

According to Reuters newswire Zimbabwe will soon introduce the 100 billion dollar note.

This from the article:

Hyper-inflation has forced the central bank to keep issuing new banknotes which quickly become almost worthless. There is an official exchange rate, but most Zimbabweans resort to the informal market for currency transactions. As well as the Z$100 trillion dollar note, the Reserve Bank of Zimbabwe plans to launch Z$10 trillion, Z$20 trillion and Z$50 trillion notes, the Herald newspaper reported.

Clicky.

My heart goes out to Zimbabwe, things are getting rough here, but their economy is totally ruined.

Best,

James

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