HARARE (AFP) - Zimbabwe, grappling with a record 2.2 million percent inflation, has introduced a new 100-billion-dollar bank note in
a bid to tackle rampant cash shortages, the central bank said Saturday.
The new note will go into circulation on Monday, the bank said in a statement cited by state media, joining about half a dozen new high denomination
notes already issued this year.
In January, a 10-million-dollar note was issued, then a 50-million-dollar note in April. In May, notes for 100 million and 250 million dollars were
issued, swiftly followed by those for five billion, 25 billion and 50 billion.
The southern African nation, currently gripped by a post-election crisis, has been ravaged by hyperinflation which shot up from 165,000 percent in
February to 2.2 million in June.
Independent economists however believe the official inflation figure is grossly understated, estimating it could be running between 10 million and 15
million percent.
Zimbabwe's chronic economic crisis has left at least 80 percent of the population living below the poverty threshold and mass shortages of basic goods
in shops.bombidol - 7-22-2008 at 05:09 PM
wotDiscipline - 7-22-2008 at 05:13 PM
Fuck.SHAKO KEN - 7-22-2008 at 05:42 PM
Quote:
Originally posted by BD
Zimbabwe's chronic economic crisis has left at least 80 percent of the population living below the poverty threshold and mass shortages of basic goods
in shops.
but they're all millionairesclevohardcore - 7-22-2008 at 06:08 PM
HTe Prsident will own it and they will continue the tyrannymoron - 7-24-2008 at 12:43 PM
Quote:
Originally posted by SHAKO KEN
Quote:
Originally posted by BD
Zimbabwe's chronic economic crisis has left at least 80 percent of the population living below the poverty threshold and mass shortages of basic goods
in shops.
but they're all millionaires
Though it's a terrible situation those people are in, this post made me laugh.XHonusWagnerX - 7-24-2008 at 01:12 PM
whats the conversion rate?
Like how many US dollars/cents is a Zimbabwe dollar worth?BDx13 - 7-24-2008 at 01:26 PM
as of today, $1 USD=$18,681,527,512.36 ZWD
the government is literally printing money nonstop to keep itself running.XHonusWagnerX - 7-24-2008 at 01:34 PM
Quote:
Originally posted by BD
as of today, $1 USD=$18,681,527,512.36 ZWD
the government is literally printing money nonstop to keep itself running.
Thats insane! There seems like there should be an easier way to deal with that by changing the scale its based on or something. I dont know really...
but it seems kind of silly.
On the other hand, I would totally buy a Zimbabwe 100 Billion Dollar Bill.BDx13 - 7-24-2008 at 01:37 PM
