Saturday, December 20, 2008

Pictures of Zimbabwe's New Billion Dollar Notes Dec 2008

Images from Wikipedia and Ebay.


1 Billion Front


1 Billion Back





5 Billion Front and Back




10 Billion Front and Back Issued December 2008

Friday, December 19, 2008

New Ten Billion Zimbabwe Dollar Note

CNN reports on Zimbabwe's new 1, 5 and 10 Billion Dollar Notes.

Zimbabwe's central bank introduced a $10 billion note worth less than 20 U.S. dollars, as the once-prosperous southern African nation battles against spiraling hyperinflation.

Zimbabwe President Robert Mugabe at Zanu-PF National Political Commissar Elliot Manyika's burial last week

The new note, expected to buy just 20 loaves of bread, comes just a week after Zimbabwe issued a $500 million note to ease a cash shortage. (More)

Tuesday, December 16, 2008

Printing Money USA

More news stories openly talking about printing more money.

After rate cuts: The Fed's new ball game

With rate cuts doing little to help boost the economy, the Fed has begun to print money to finance its liquidity programs. But that could spell disaster down the road. (More)


Zero Percent

CNN reports

Fed slashes key rate to near zero

Ben Bernanke & Co. cite weakness in economy and reduced inflation threat as justification for cutting rates to a record low range of 0% to 0.25%.

(More...)

Saturday, December 13, 2008

Zimbabwe's new half billion dollar note

CNN Reports

HARARE, Zimbabwe (CNN) -- Zimbabwe's central bank is introducing a $500 million note -- the highest current denomination -- as the once-prosperous southern African nation battles against spiraling hyperinflation.

A £50 million note introduced earlier in December has failed to clear long lines for cash.

A £50 million note introduced earlier in December has failed to clear long lines for cash.

Finance Minister Samuel Mumbengegwi made the announcement about the new note in a government gazette set for release Friday. On the back, the purple cotton bill will feature pictures of dairy cows being milked mechanically and a miner drilling underground, he said.

The Reserve Bank of Zimbabwe (RBZ) last week introduced a new set of denominations, including a $100 million note, but that has not helped to clear long lines for cash at banks. Some people sleep outside banks after failing to get cash.

The RBZ said a $200 million note would be in circulation Friday, together with the $500 million note.

The $500 million note is worth about 8 U.S. dollars and enough to buy just eight loaves of bread. Thursday, the greenback was trading around ZW$60 million and is expected to shoot up in light of the new note's introduction.

Prices change on an almost daily basis as businesses now peg their prices against the U.S. dollar.

(more)

Saturday, December 6, 2008

Picture of the new 100Million Zimbabwe Note

Hyperinflation forces Zimbabwe to print $200 million notes

CNN Reports...

HARARE, Zimbabwe (CNN) -- Cash-strapped Zimbabwe revealed plans Saturday to circulate $200 million notes, just days after introducing a $100 million bill, Finance Minister Samuel Mumbengegwi said.

Zimbabwe central bank governor Gideon Gono shows a new $50 million note at a news conference Thursday.

Zimbabwe central bank governor Gideon Gono shows a new $50 million note at a news conference Thursday.

After the $100 million note began circulating on Thursday, the price of a loaf of bread soared from 2 million to 35 million Zimbabwean dollars. (More)


Thursday, December 4, 2008

New One Hundred Million Zimbabwe Banknotes

Guardian.co.uk and Wikipedia are reporting that Zimbabwe has new banknotes out. $10 Million, $50 Million and $100 Million.