Saturday, July 19, 2008

100 billion dollar note in Zimbabwe

Are you aware that a new 100 billion dollar note will be used in Zimbabwe beginning on Monday?

WoW! Can you imagine? I only get to be a 'millionaire' twice when I went to Indonesia a few years back. But right now.. you can make yourself a billionaire in Zimbabwe in no time!

Anyway, that may not be a good news as this is a result of inflation. So, what's the point of having such a HUGE amount of money and yet only few items can be obtained or purchased?


A Zimbabwean man holds on May 16, 2008 a new five hundred million dollar note in Harare, May 2008. Zimbabwe, grappling with a record 2.2 million percent inflation, has introduced a new 100-billion-dollar bank note in a bid to tackle rampant cash shortages.(AFP/File/Desmond Kwande)
(extracted from http://news.yahoo.com/nphotos/five-hundred-million-dollar-note-zimbabwe/photo//080719/photos_bs_afp/d7d67d669ce6b78d97da061eb1f9277f//s:/afp/20080719/bs_afp/zimbabweeconomyinflation080719174524;_ylt=Ajc86vswvjNfvXr202zfuAyoOrgF)

No comments: