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Author Topic: Ahwimawe! Ahwimawe! A Zimbabwe! A Zimbabwe! (Inflation sleeps tonight)  (Read 155 times)
Fredledingue
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« on: July 19, 2008, 02:08:27 PM »


2.2 millions percent inflation! Wow!
And now the 100 Billions banknote!
Do these poeple even use this curency, the Z$? I wonder...

Quote from: By Cris Chinaka, HARARE (Reuters)
Zimbabwe's central bank will introduce new higher-value 100 billion Zimbabwe dollar notes on Monday as part of a desperate fight against spiraling hyperinflation, the bank said.
 
Zimbabweans are suffering chronic shortages of meat, maize, fuel and other basic commodities due to the collapse of the once prosperous economy, which critics blame on President Robert Mugabe's policies, including his violent seizure of white-owned farms.

Central bank Governor Gideon Gono announced on Wednesday that inflation had surpassed 2.2 million percent, though some economists put it much higher.

In a notice in the official Herald newspaper on Saturday, Gono said the Reserve Bank of Zimbabwe would introduce 100 billion dollar special agro-cheques (notes), to help consumers who currently need to carry large wads of cash even for simple transactions.
« Last Edit: July 19, 2008, 02:12:23 PM by Fredledingue » Logged

Dr. Zoidberg is jewish (and an important AIPAC donator!)

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