Showing posts with label Bearer Cheques. Show all posts
Showing posts with label Bearer Cheques. Show all posts

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.