ZIM introduces $100 trillion note

By Moses Muchemwa
for ZimEye.org

Published: January 16, 2009

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Bulawayo (ZimEye) – The Reserve Bank of Zimbabwe has introduced a staggering $100 trillion note in an effort to fight the ever rising rate of inflation. The central bank also put into circulation, starting Friday, $50

trillion, $20 trillion, $10 trillion and $1 trillion as signs of economic collapse continue to gather moment.

The RBZ Governor Gideon Gono introduced a $50 billion note on Monday but it was quickly eroded by the high rate of inflation running into 500 quintillion. Zimbabwe has the high rate of inflation in the world, all blamed on the Zanu-PF Government. By close of business, foreign currency dealers were selling a 100 rand for $1,5 trillion. (ZimEye, Zimbabwe)

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