Zimbabwe Introduces 100-billion-dollar Bank Note

In the news reported by Yahoo, Zimbabwe will release a new 100-billion-dollar bank note tomorrow, July 21, together with high denomination notes already issued this year. Zimbabwe is fighting against a 2.2 million percent inflation caused by the current economic and food crisis. According to Wikipedia, this hyperinflation and the constant shortages in imported fuel and consumer goods led to currency shortage. As a matter of fact, more than 900 Quadrillion Zimbabwean Dollars were supplied in this country last June 2008[http://en.wikipedia.org/wiki/Zimbabwe_dollar]. Zimbabwe’s persistent economic crisis has left at least 80 percent of the population living below the poverty threshold and mass shortages of basic goods in shops.

Filed under: News by admin

If you like this post, please enter your email address for free updates:

or add this website to your favorite reader: