Saturday, January 17, 2009

Zimbabwe Rolls Out Z$100tr Note

From BBC:

Zimbabwe is introducing a Z$100 trillion note, currently worth about US$30 (£20), state media reports.

Other notes in trillion-dollar denominations of 10, 20 and 50 are also being released to help Zimbabweans cope with hyperinflation.

However, the dollarisation of the economy means that few products are available in the local currency.

On Thursday, the opposition leader said he was still committed to power-sharing intended to rescue the failing economy.

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1 comment:

Chirag Jethmalani. said...

Yes truely its easy to become a trillionaire in Zimbabwe. What will be the end of this great inflation rally in Zimbabwe no one has yet predicted but its expected to touch sextillion soon.
Zimbabwe Inflation rally