Minus 12 zeros

In Zimbabwe, they conducted another denomination today the Central Bank of Zimbabwe carried out another denomination, and also issued seven new banknotes. The national currency of the African country (Zimbabvian dollar) lost 12 zeros. Now, instead of the largest bill, which walked around the country, a $ 10 trillion banknote of $ 10 has been issued. At the official rate of the Central Bank of Zimbabwe, 1 US dollar was trading at 4 trillion of non -neominized Zimbabvian dollars.

In addition to ten -dollar, banknotes with a face value of 1, 5, 10, 20, 50, 100 and 500 dollars were issued.

This is the second denomination of the national currency in Zimbabwe over the past six months. In July 2008, 10 zeros were removed from the Zimbabvian banknotes. True, then new bills were not released in circulation - the Central Bank returned the old bills to the appeal. However, with inflation of 230 million percent per year (the most phenomenal in the world), old bills go out of circulation faster than they will have time to fight.

On January 16, 2009, the Zimbabwe government announced his intention to introduce a bill of $ 100 trillion into circulation. Now, if the bill is printed, it will be introduced later. Judging by the pace of inflation, around the fall.

02.02.2009 / George Kremov