Zimbabwe releases new inflation note

Zimbabwe releases new inflation note

how long will it take The mighty US to catch up with this kind of hyperinflation?
can it allow zimbabwee to keep its leadership in this financial field?
Its treasury now indulges in aladdin economics and exchanges old dud bonds for shiny new treasury bonds for banks and money dealers.
It just made itself responsible for paying the bondholders of trillions of debts held by fannie mae and freddy mac
As well as promising to buy their shares to prop up their value.
win win for the bondholders and shareholdersc ;
too bad about the value of the dollar.
Monty python style its beginning to look like a “dead parrot” dollar.

zillion note

hahahaha who face on zillion bill? a dumb reggin?? those monkeys should get Whoopee as President n put her face on it lol

Fearless W ain’t gonna let Mugabe get away with it...
:cool:
U.S. Strengthening Zimbabwe Sanctions
July 25, 2008 - U.S. Strengthening Sanctions Against Zimbabweans Blamed for Political Violence

]
The U.S. Embassy in Zimbabwe says the United States is in the process of strengthening sanctions against individual Zimbabweans blamed for deadly electoral violence.

Mark Weinberg, an embassy spokesman, says that “proposed new sanctions are under review by the White House and the State Department” and that they would target “individuals we hold responsible for subverting the will of the people of Zimbabwe, people associated with the regime and those responsible for the recent violence and political problems."

The sanctions would restrict both travel by individuals and their finances, he told AP on Friday. The European Union on Tuesday also broadened its sanctions against Zimbabwe.

[url:
http://abcnews.go.com/International/wireStory?id=5447733[/url]

$500 bill now only worth about 50¢...
:eek:
Zimbabwe knocks 10 zeros off currency
July 30, 2008: Central bank devalues currency in bid to fight hyper-inflation.

]
Zimbabwe’s central bank governor says he is knocking 10 zeros off the country’s hyper-inflated currency to make 10 billion dollars become one dollar.

Zimbabwe suffers the highest inflation rate in the world. Governor Gideon Gono says that high rate is constraining operations of the country’s computer systems. Computers, electronic calculators and automated teller machines at banks have not been able to handle basic transactions in billions and trillions of dollars.

Just last week Gono introduced a new 100 billion-dollar note that is not enough to buy a loaf of bread. Gono said on Aug. 1 the bank will issue a 500-dollar bill equivalent to 5 trillion dollars at the current rate.

[url:
http://money.cnn.com/2008/07/30/news/international/zimbabwe.ap/index.htm[/url]