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03 November 2008, 12:35
500nitro
I want one
Zimbabwe eyes Z$1m note
Harare - Zimbabwe will soon introduce higher denomination banknotes, of up to one million Zimbabwean dollars, in a bid to ease the effects of hyperinflation, the country's central bank said on Monday.

The southern African country lopped 10 zeros off the currency on August 1, but it continues to lose value as inflation surges.

The government put inflation at 230 million percent for July, the world's highest, although the Washington-based Cato Institute foundation estimates it now at 10,2 quadrillion percent.

Currently, the highest denomination banknote is Z$50 000, not enough to buy a loaf of bread, and the central bank plans to introduce Z$100 000, Z$500 000 and Z$1-million (about $8) banknotes in a bid to help consumers battling to make simple purchases.


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03 November 2008, 23:38
Use Enough Gun
If you wait just a little longer that $100 billion dollar bank note printed on July 1 this year will be back in vogue. . .
03 November 2008, 23:49
LHowell
quote:
Originally posted by 500nitro:
Zimbabwe eyes Z$1m note
Harare - Zimbabwe will soon introduce higher denomination banknotes, of up to one million Zimbabwean dollars, in a bid to ease the effects of hyperinflation, the country's central bank said on Monday.

The southern African country lopped 10 zeros off the currency on August 1, but it continues to lose value as inflation surges.

The government put inflation at 230 million percent for July, the world's highest, although the Washington-based Cato Institute foundation estimates it now at 10,2 quadrillion percent.

Currently, the highest denomination banknote is Z$50 000, not enough to buy a loaf of bread, and the central bank plans to introduce Z$100 000, Z$500 000 and Z$1-million (about $8) banknotes in a bid to help consumers battling to make simple purchases.



"It's like deja-vu, all over again."
Yogi Berra
04 November 2008, 04:48
jdollar
quote:
Originally posted by Use Enough Gun:
If you wait just a little longer that $100 billion dollar bank note printed on July 1 last year will be back in vogue. . .
jumping except that the SOB'S put an expiration date on their money!!!!!!!!


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04 November 2008, 13:10
Will
If what happens today that could very well happen the Zim boys will be laughing there ass off at us here in the USA instead.

Mugabe and Barry. What's the difference?


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05 November 2008, 22:53
surestrike
quote:
Originally posted by Will:
If what happens today that could very well happen the Zim boys will be laughing there ass off at us here in the USA instead.

Mugabe and Barry. What's the difference?


Prepare yourself for the 12 billion dollar US note! Wink