(Washington Post) – Zimbabwe’s bank chief plans new steps to address currency problems –removing “more zeros” from the plummeting Zimbabwe dollar and raising the limit on cash withdrawals — to tackle the country’s runaway inflation and cash shortages, state media reported Sunday. To improve liquidity on the market, Gono planned to remove “more zeros,”...
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A Z$100 billion note may be impressive, but Mugabe has a way to go before getting that #1 spot:
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Sad thing is, this kid is probably buying a Snickers.
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With its economy in shambles due to ridiculous inflation (officially 2.2 million percent but could be as high as 10-15 million percent), Zimbabwe has introduced the Z$100,000,000,000 note. Gideon Gono, governor of the Reserve Bank of Zimbabwe, said the new notes are for “the convenience of the banking public and corporate sector.” Too bad...
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Check out this bill for dinner in Zimbabwe: With inflation at 1,033.5% in Zimbabwe, this meal came out to a thrifty $2.12 HT: Freakonomics
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Robert Mugabe,President of Zimbabwe , who most recently, after stealing land from all the white people, racking up the inflation points, suppressing both the domestic and international press, and then blaming all of it on whitey, has recently lost an election that he probably rigged (as Bill has previously mentioned). To add insult to...
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