Zimbabwe prints mammoth bank note

Palestinian News.Net
Thursday 15th May, 2008

Zimbabwe has introduced a new half-a-billion dollar bank note in a bid to tackle cash shortages fed by rampant inflation.

The Reserve Bank of Zimbabwe has put the note into circulation ten days after the introduction of a quarter-of-a-billion note earlier this month.

This is the fourth set of high denomination notes to be issued this year, the first being in January when a 10 million dollar note was put into circulation.

The southern African nation has been ravaged by hyperinflation which reached 165,000 per cent in February.

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Comments on this story

sovereign national
05-15-08, 03:59 PM

Zimbabwe prints mammoth bank note

Until such time as Zimbabwe introduce a precious metal currency, inflation will continue to spiral out of control.
It truly is the economy, STUPID.

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