Skip to main content

Zimbabwe introduces 100-billion-dollar note!


Sat Jul 19, 1:45 PM ET

HARARE (AFP) - Zimbabwe, grappling with a record 2.2 million percent inflation, has introduced a new 100-billion-dollar bank note in a bid to tackle rampant cash shortages, the central bank said Saturday.

The new note will go into circulation on Monday, the bank said in a statement cited by state media, joining about half a dozen new high denomination notes already issued this year.

In January, a 10-million-dollar note was issued, then a 50-million-dollar note in April. In May, notes for 100 million and 250 million dollars were issued, swiftly followed by those for five billion, 25 billion and 50 billion.

The southern African nation, currently gripped by a post-election crisis, has been ravaged by hyperinflation which shot up from 165,000 percent in February to 2.2 million in June.

Independent economists however believe the official inflation figure is grossly understated, estimating it could be running between 10 million and 15 million percent.

Zimbabwe's chronic economic crisis has left at least 80 percent of the population living below the poverty threshold and mass shortages of basic goods in shops.

Comments

Post a Comment

Popular posts from this blog

13 Qualities Every Leader Should Have

www.menshealth.com Leadership is one tough-to-figure art. That's why the Constitution devotes only a few hundred words to describing the president's job, and fewer still—not one—to the kind of person the chief exec ought to be. But take heart. We've figured out what makes a fellow worth following. Our leader-of-the-free-world specs come without reference to public policy. Great presidents can believe in big government or in small, and they can be born on Park Avenue or among the amber waves. We're fed up with the sneers, with the divisive polemics about who's a slacker because he didn't serve and who's a hero because he did. Mostly, we're impatient with insinuations that liberals don't believe in family and conservatives don't believe in civil rights. Our studies show that millions of people in Massachusetts have values and millions more in Texas have brains. Here are some qualities of mind and heart that will serve our republic well from either
Post a Comment
Read more

You've Been Making Chicken Breasts All Wrong - Here's the Right Way to Do It For Weight Loss

Boneless, skinless chicken breasts are a staple for healthy eaters everywhere - they're lean and they're an excellent source of protein, but all too often they're also bone-dry and flavourless. This could lead anyone astray from healthy eating! Fortunately, Disneyland Resort Executive Chef Chris Faulkner has a solution for dried up, unappetising chicken. As a star chef and Ironman triathlete, he knows how to fuel a body in a way that also tastes delicious (read: gourmet sports nutrition!). As Chef Chris told us during our Lunch 'N Learn cooking class at Disneyland, "Cook the breast with the skin on, then take it off to keep the chicken juicier. You'll save calories by removing the skin, but you'll have more flavour and better texture." Don't forget to brine your chicken, too. His recipe: lemon juice, orange juice, salt, peppercorns, thyme, garlic, bay leaf, and sliced lemons, limes, and oranges. Simmer for 20 minutes, then add ice to cool
Post a Comment
Read more

Vitamins A and E: Why are these antioxidants good for you?

Gerontologist Denham Harman, also known as the ‘father of the free radical theory of ageing’, was the first to discover the concept of free radicals in 1954. Free radicals are now suggested as one of the major contributors to ageing. Free radicals are reactive molecules and are involved in disease development. Sources of free radicals include stress, pollution as well as smoking and high alcohol consumption. The need for antioxidants in our daily life is thus crucial due to increased exposure to such free radicals. What are antioxidants? Antioxidants are thought to be able to slow down ageing and thus improve skin health through preventing reactive oxygen species from causing damage to our biological system. This is done by detoxifying these reactive oxygen species and thus be able to repair the resulting damage on proteins, fats, and DNA. Antioxidants are also capable of repairing damaged molecules like your DNA, can promote the destruction of cancer cells, and thus stop canc
Post a Comment
Read more