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Zimbabwe bank issues $500m note

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Nutmegger Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-15-08 01:10 PM
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Zimbabwe bank issues $500m note
The central bank has issued a 500m Zimbabwe dollar banknote, worth US$2, to try to ease cash shortages amid the world's highest rate of inflation.

The previous highest denomination note was for Z$250m, issued 10 days ago.

Meanwhile, the opposition has rejected the move to delay the presidential run-off, possibly until July, saying it was a government ploy to stay in power.

It called for an emergency regional summit, urging neighbouring countries to take "firm resolutions".

Full article: http://news.bbc.co.uk/2/hi/africa/7402943.stm
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mainegreen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-15-08 01:14 PM
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1. Expect a billion dollar note in a month.
They'll then make the 100m note invalid, and give people two days to trade them in, but put a cap of 300m trade ins per day.
They've done it before like that.
It's all part of their insane economic policy.
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Systematic Chaos Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-15-08 01:15 PM
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2. Hungarian Pengo circa 1946, here we come!
http://en.wikipedia.org/wiki/Hungarian_peng%C5%91

460 x (10^27) Pengo to the US dollar when it was all over....

:scared:
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CanonRay Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-15-08 01:19 PM
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3. You could use real Zimbabwe money and play Monopoly with it.
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