Zimbabwe Issues 10 Million Dollar Note

With inflation running officially at 25,000 per cent (although that could be as high as 150,000 percent), Zimbabwe has just issued a $10 million note. The new note is the equivalent of about $4 at the dominant black market exchange rate.

In an effort to end chronic cash shortages and long, chaotic lines at banks and automated teller machines, the bank will issue the new notes on Friday along with 1-million and 5-million dollar bills. The highest existing note, introduced last month, is 750,000 Zimbabwe dollars. Link [via]

Comments

[Matt]

Is that cousin benson?