Big Notes
May 15, 2008 | Aussie Dave | Comments
Inflation gone wild.
Zimbabwe has introduced a new half-a-billion dollar bank note in a bid to tackle cash shortages fed by rampant inflation, the central bank said today.
The $500,000,000 note is worth $A2.61c.
“Introducing the new 500,000,000 bearer cheque for your convenience,” read a Reserve Bank of Zimbabwe full-page advert in the state daily, The Herald, displaying specimens of the new note.
The note, comes into circulation 10 days after the introduction of a quarter-of-a-billion one early this month.
Dr Evil* was unavailable for comment.
* Dr Evil from the Austin Powers movies, and not Robert Mugabe, although I could understand the confusion
Filed Under: General
About the Author: An Australian immigrant to Israel, Aussie Dave has been blogging since early 2003.
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