Saturday, January 17, 2009

Zimbabwe to introduce 100 trillion dollar banknote

Zimbabwe is set to introduce a Z$100 trillion note as hyperinflation continues to run rampant.

Last week the country's central bank began circulating Z$10, Z$20 and Z$50 billion notes - but they are no longer sufficient.



An official estimate put inflation at 231,000,000% in July - but some experts now believe it is much higher.

In addition to the Z$100 trillion note, the Reserve Bank of Zimbabwe plans to launch Z$10 trillion, Z$20 trillion and Z$50 trillion notes.

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