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Zimbawe introduce Z$100 trillion note

Discussion in 'General Discussions and Lounge' started by temi, Jan 16, 2009.

  1. temi

    temi Facilitator Webmaster

    Zimbabwe is introducing a Z$100 trillion note, currently worth about US$30 (£20), state media reports.
    Other notes in trillion-dollar denominations of 10, 20 and 50 are also being released to help Zimbabweans cope with hyperinflation.
    However, the dollarisation of the economy means that few products are available in the local currency.
    On Thursday, the opposition leader said he was still committed to power-sharing intended to rescue the failing economy.
    Since September, when the deal was signed, talks have stalled over who should control key ministries.
    Movement for Democratic Change (MDC) leader Morgan Tsvangirai said he was due to hold talks with President Robert Mugabe "within this coming week" to try to resolve the political crisis.

    source: BBC NEWS | World | Africa | Zimbabwe rolls out Z$100tr note

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