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News : Zimbabwe Preparing To Release $500 Billion Note

News The Reserve Bank of Zimbabwe are preparing to issue a $500 billion note which is equal to less than 4 U.S. dollars.

But due to cash shortages, Zimbabweans are finding it difficult to get hold of currency to purchase essential goods. At present people are limited to withdrawing $100 billion a day which isn't enough to buy a loaf of bread.

Zimbabwe Introduces $100 Billion Banknotes
With inflation spiralling out of control, Zimbabwe has introduced a $100 billion note (CNN has a photo of a $500 million note). $100 billion is the equivalent to one U.S. dollar and is enough to buy four oranges.
Posted by Daimos on Sunday, July 27, 2008 (18:19:02) (4191 reads)
Read More... (1.05 KB) | 1 comment | Printer Friendly PageNews | Score: 5
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