Jul 20, 2008

100 Billion Dollar Bank Note

Zimbabwe is facing serious inflation. Unlike most of other countries, the inflation rate is not a small amount but a record 2.2 million percent. So, there is a great shortage of cash notes in the southern African country. In a fresh bid to tackle the present cash shortage, the central bank of Zimbabwe has introduced a new 100-billion-dollar bank note. Can you believe this?

The new 100-billion-dollar note will go into circulation on Monday and will join about half a dozen other new high denomination notes issued this year to tackle economic crisis. The other high denomination notes inludes 10 million, 50 million, 100 million and 250 million, 5 billion, 25 billion and 50 billion.


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