Thursday, July 24, 2008

One Hundred Billion Dollars

HARARE, Zimbabwe -- Zimbabwe's troubled central bank introduced $100 billion banknotes Saturday in a desperate bid to ease the recurrent cash shortages plaguing the inflation-ravaged economy.
As high as they are, though, the bills still aren't enough to buy a loaf of bread. They can buy only four oranges.
The new note is equal to just one U.S. dollar.
CNN report is HERE

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