19 July 2008

Zimbabwe -- The $100 Billion Bank Note

The Zimbabwean Central Bank has started to issue $100 billion bank notes. The new notes are in reality a bearer cheque and have an expiry date of 31 December 2008 and they are to be introduced from Monday.

Sadly, with an official inflation rate of 2.2 million percent $100 billion does not buy you very much of anything. The photo is of a $500 million note.


the writer said...

I'd love to get one of those. I'd frame it and show it to everybody in my village back home in Indonesia to pretend that I am THAT rich, probably they don't even know where Zimbabwe is. Ha! LOL

Rob Baiton said...

You could probably track one down!

After all the 1 billion note is worth about USD 5.50!