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July 25, 2008
Anyone for a 100 billion dollars?
This post is a guest contribution by Prieur du Plessis, writer of the Investment Postcards from Cape Town blog.
Full marks for eBay entrepreneurs for stepping in where forex traders have lost count of the zeros being added to the Zim dollar every few days. This is amid Zimbabwe's dizzying rate of inflation - officially quoted at 2.2 million per cent, but thought actually to be in the region of 12.5 million percent!
How about paying US$83 for the new Z$100 billion bank note! Although the novelty value of the Zim note is surging, the sad truth is that the note is not worth enough to buy a loaf of bread.
Click here for a large image of the new set of notes.
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