100 billion dollar notes for Zimbabwe
THE central bank will introduce new higher-value 100 billion Zimbabwe dollar notes tomorrow as part of a desperate fight against spiralling hyperinflation.
Zimbabweans are suffering chronic shortages of meat, maize, fuel and other basic commodities due to the collapse of the once prosperous economy, which critics blame on President Robert Mugabe's policies, including his violent seizure of white-owned farms.
Central bank governor Gideon Gono announced last week that inflation had surpassed 2.2 million per cent, though some economists put it much higher.
In a notice in the official Herald newspaper yesterday, Gono said the Reserve Bank of Zimbabwe would introduce 100-billion-dollar agro-cheques (notes), to help consumers who need to carry large wads of cash even for simple transactions.
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Weather for Edinburgh
Tuesday 29 May 2012
Today
Cloudy
Temperature: 10 C to 16 C
Wind Speed: 12 mph
Wind direction: North east
Tomorrow
Cloudy
Temperature: 9 C to 15 C
Wind Speed: 12 mph
Wind direction: North east
