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When the government issued a $10 billion note just three weeks ago ... It is a waste of resources to print Zimbabwe dollar notes now. Who accepts a currency that loses value by almost 100 percent ...
The new 100 trillion dollar bill would be worth about $300 in U.S. currency. A loaf of bread in Zimbabwe now costs about 300 billion Zimbabwean dollars -- and like most commodities, the price ...
Harare: Zimbabwe's central bank has introduced a 10 billion dollar banknote, worth $20 on the black market, state media reported on Friday. The new note is a bid to ease desperate cash shortages ...
Shoppers had to cart around suitcases of billion and trillion Zimbabwe dollar notes, recalls Kudakwashe Mhembere, another vendor, who said he was also still trading in U.S. dollars because no one ...
But some Zimbabweans expressed fears the new notes would soon become worthless through hyperinflation like the Zimbabwean dollar scrapped in 2009. Inflation rates of 500 billion per cent then led to ...
The EastAfrican on MSN3mon
Zimbabwe’s costly currency woes
Zimbabwe has lost a staggering $4.5 billion in three years because of its unending ...
The Zimbabwe dollar, whose highest denomination ... For Maxwell Gombe, who makes a living selling old billion and trillion dollar notes - souvenirs of economic meltdown - to tourists visiting ...
That represents a change in the price for an item from $100 in 1980 to $707.90 billion ... a bond note having an exchange rate of 1:1 with the U.S. dollar. The modern nation of Zimbabwe emerged ...
This multibillion-dollar project, on completion, will have a turnover exceeding $13 billion annually.” But critics note Zimbabwe has announced several multibillion-dollar projects in recent ...