Saturday, July 19, 2008

Zimbabwe to introduce $100bn banknote

Zimbabwe to introduce $100bn banknote
Agencies
Published: July 20, 2008, 08:56

Harare: Zimbabwe is to introduce a $100bn banknote, as rampant
inflation shows no signs of slowing down.

But the note may soon be worthless in a country where the official
inflation rate is 2.2m per cent.

Several new notes have already been introduced in 2008 as a response
to the problem.

The $10m banknote which came into circulation in January 2008 has
already become almost worthless.

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