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imdaffy
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Joined: 06 Apr 2007
Posts: 344
Location: Moncks Corner, SC.
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| Posted: Sat Apr 12, 2008 6:42 am Post subject: 50 Million Dollar Banknote Buys 3 Loaves of Bread |
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If this is true, I would just like to know what they could purchase for $1.00. This is very sad.
Zimbabwe issues $50-million bank note; buys just three loaves of bread
Apr 4, 2008
HARARE, Zimbabwe — Authorities in Zimbabwe have issued a new mega bank note in an attempt to cope with the troubled African country's runaway inflation.
The size of the new note - 50 million Zimbabwean dollars.
The new bill issued Friday is the third time in three months that the central bank in Harare has issued a higher denomination note in response to the country's 100,000 per cent annual inflating rate.
In practical terms, the $50-million bill is worth just US$1 in trading on Zimbabwe's widely used black market.
That means it can buy just three loaves of bread.  daffy
_________________
A nickel ain't worth a dime anymore.
Yogi Berra |
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David Jones
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Joined: 15 Sep 2007
Posts: 238
Location: Hills of Kentucky
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| Posted: Sat Apr 12, 2008 12:07 pm Post subject: |
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I don't think they would have much use for a one cent coin. |
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Topher
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Joined: 15 Apr 2007
Posts: 293
Location: Toronto, Canada
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| Posted: Mon Apr 14, 2008 8:49 am Post subject: |
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Zimbabwe - the Banknote collector's dream come true. |
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David Jones
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Joined: 15 Sep 2007
Posts: 238
Location: Hills of Kentucky
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| Posted: Mon Apr 14, 2008 10:32 am Post subject: |
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 I told my wife about Zimbabwe and she said, lets move there and we can be billionaires. |
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Royalist0007
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Joined: 21 Mar 2007
Posts: 232
Location: Wellington,New Zealand.
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| Posted: Thu Jul 10, 2008 12:45 am Post subject: |
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