Zimbabwe's new $200,000 bill

Got this from here: http://www.iht.com/articles/ap/2007/07/31/...babwe-Money.php

HARARE, Zimbabwe: The central bank unveiled a new 200,000 Zimbabwe dollar note Tuesday, double the face value of what had been the highest denomination bill in a country where bundles of notes are needed for the simplest transactions.

The Reserve Bank said in a statement circulation of the new 200,000 Zimbabwe dollar bill from Wednesday was for "convenience" in business and individual transactions.

The bill is worth US$13 (about €9.50) at the official exchange rate or US$1 (73 euro cents) at the dominant illegal black market rate. With five bills a Zimbabwean millionaire can buy a handful of scarce food items.

Runaway inflation has led to bundles of bills being needed for routine purchases. Few businesses or even government departments, including the tax office, accept checks, demanding cash or same-day bank-to-bank transfers, for fear the value of the currency will plummet even further before checks can clear.

Zimbabwe is in its worst economic crisis since independence from Britain in 1980, blamed largely on disruptions in the agriculture-based economy in the former regional breadbasket after the often violent seizures of thousands of white-owned commercial farms began in 2000




Can you believe this? I saw on the news that one of this bill could buy an ounce of sugar

I feel this is the road manning trying to pave for we yes

well,,,yuh know he always paving something bad for we,,,,jus now a $100 bill will be like a $1 dollar

and we thought Guyana was bad

i agree with this jed....cuz the rate of which prices for stuff goin up....who knows what is in store for us in the near future.....just now a coca cola will cost $10

it already costs $10 in the airport

should this country print any other currency higher than $100 we doom..

agreed.....it frightening to think that something like that has a good chance to happen eh???

at the rate this counrty goin.we gonna end up jes so! the cost of living is just getting higher and higher and the wages are reamaining the same.

thats for real yea yuh think if thing raising we wud get ah lil raise in salary dam it

thats for real yea yuh think if thing raising we wud get ah lil raise in salary dam it

thats true....we only get a salray raise for every two times price raises.....

ah only hope manning do sumthing meaningful in the next budget yes

well we supposed to get back pay so that will be nice