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.

2 comments:

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!