Saturday, December 6, 2008

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)


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