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Wednesday, July 30, 2008

$10,000,000,000 Now $1 in Zimbabwe

Zimbabwe will knock 10 zeros off the country's hyper-inflated currency next month, making 10 billion dollars one dollar.

Computers, electronic calculators and automated teller machines at banks have not been able to handle basic transactions in billions and trillions of dollars.

A $500 billion dollar bill was due to be released in circulation on Friday but I'm not sure if this announcement will change that. [via]


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