Z$100bn Note Introduced By Zimbabwe
July 21, 2008 – 9:17 pm
Zimbabwe’s central bank introduced new 100-billion Zimbabwe dollar notes today as part of a desperate fight against spiraling hyperinflation.
Inflation in Zimbabwe had surpassed 2.2 million per cent, though some economists put it much higher.
Central Bank Governor Gideon Gono said:
The Reserve Bank of Zimbabwe would introduce 100 billion dollar agro-cheques (notes) to help consumers who currently need to carry large wads of cash even for simple transactions. “This new $100 billion special agro-cheque will go into circulation on Monday.
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