Info) January 16, 2009: The Reserve Bank of Zimbabwe said on Friday it was introducing a 100 trillion Zimbabwe dollar bill as part of anti-inflation measures, the African Press Agency reported.
The new note is worth about 300 U.S. dollars on the black market.
The agency said Zimbabwe was also introducing 10 trillion, 20 trillion and 50 trillion Zimdollar notes.
The move set to provide easier access for workers to their salaries from banks comes just four days after the country circulated 50 billion Zimdollar bills on Monday amid the deepening economic crisis.
Zimbabwe's inflation is officially put at 231 million %, while independent financial institutions it could be estimated at more than 500 quintillion %.
The extended economic crisis has devastated Zimbabwe's healthcare system, leaving the country virtually incapable of dealing with a cholera epidemic that has already killed over 2,100 people.
Friday, January 16, 2009
Zimbabwe Plans To Unveil 100 Trillion Dollar Note / Zimbabwe Rolls Out Z$100 Trillion Note
Zimbabwe Plans To Unveil 100 Trillion Dollar Note / Zimbabwe Rolls Out Z$100 Trillion Note
(NSI News Source Info) January 16, 2009: The Reserve Bank of Zimbabwe said on Friday it was introducing a 100 trillion Zimbabwe dollar bill as part of anti-inflation measures, the African Press Agency reported.
The new note is worth about 300 U.S. dollars on the black market.
The agency said Zimbabwe was also introducing 10 trillion, 20 trillion and 50 trillion Zimdollar notes.
The move set to provide easier access for workers to their salaries from banks comes just four days after the country circulated 50 billion Zimdollar bills on Monday amid the deepening economic crisis.
Zimbabwe's inflation is officially put at 231 million %, while independent financial institutions it could be estimated at more than 500 quintillion %.
The extended economic crisis has devastated Zimbabwe's healthcare system, leaving the country virtually incapable of dealing with a cholera epidemic that has already killed over 2,100 people.
Info) January 16, 2009: The Reserve Bank of Zimbabwe said on Friday it was introducing a 100 trillion Zimbabwe dollar bill as part of anti-inflation measures, the African Press Agency reported.
The new note is worth about 300 U.S. dollars on the black market.
The agency said Zimbabwe was also introducing 10 trillion, 20 trillion and 50 trillion Zimdollar notes.
The move set to provide easier access for workers to their salaries from banks comes just four days after the country circulated 50 billion Zimdollar bills on Monday amid the deepening economic crisis.
Zimbabwe's inflation is officially put at 231 million %, while independent financial institutions it could be estimated at more than 500 quintillion %.
The extended economic crisis has devastated Zimbabwe's healthcare system, leaving the country virtually incapable of dealing with a cholera epidemic that has already killed over 2,100 people.
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1 comment:
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
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