Back in January, Zimbabwe made news when they issued a $10 million bill. Unfortunately inflation in that country is so rampant that they have now issued a $500 million bill, which is worth about U.S. $2 (1.25 euro). The BBC has the story.
Gee, I guess that makes everyone in Zimbabwe multi-millionaires huh?
June 5, 2008 at 9:44 pm
(2) Ian says:
And I have a Z$10 bill! It was worth over US$1 in it’s day. And to think that a few zeros were taken off the money a couple of years ago. That 500 mill note would be worth 500 billion.
Comments
Gee, I guess that makes everyone in Zimbabwe multi-millionaires huh?
And I have a Z$10 bill! It was worth over US$1 in it’s day. And to think that a few zeros were taken off the money a couple of years ago. That 500 mill note would be worth 500 billion.