CNN:Zimbabwe introduces $100 billion banknotes

HARARE, Zimbabwe (CNN) -- Zimbabwe's troubled central bank introduced $100 billion banknotes Saturday in a desperate bid to ease the recurrent cash shortages plaguing the inflation-ravaged economy.

x x x

As high as they are, though, the bills still aren't enough to buy a loaf of bread. They can buy only four oranges.

The new note is equal to just one U.S. dollar.

x x x

Once-prosperous Zimbabwe has seen an unprecedented economic meltdown since it gained independence in 1980, with the official inflation rate now at 2.2 million percent.
Read FULL STORY>

Let's WATCH and PRAY, this things DO HAPPEN!



1 Comment
Add a Comment
   
© 2008 Multiply, Inc.    About · Blog · Terms · Privacy · Corp Info · Contact Us · Help