Saturday, January 10, 2009



Zimbabwe introduces new $50 billion note - CNN.com, 1/10/08



From the article:
"Realizing the worthlessness of the currency, the RBZ has allowed most goods and services to be charged in foreign currency. As a result, grocery purchases, government hospital bills, property sales, rent, vegetables and even mobile phone recharge cards are now paid for in foreign currency, as the worthless Zimbabwe dollar virtually ceases to be legal tender.

Once a regional economic model, Zimbabwe is in the throes of an economic crisis, with unemployment running at more than 80 per cent and many families unable to afford a square meal. President Robert Mugabe's critics blame his policies for the economic meltdown but he in turn says the West is sabotaging his efforts."

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