Friday, December 5, 2008

In Zimbabwe, will cut the dignity of 100 million dollars.

The Government of Zimbabwe from December 4, issue in dignity bill of 100 million Zimbabwean dollars, reported Agency France Presse. At this step the authorities were forced to move because of high rates of inflation, which has a monthly update of world record.
Total country's Reserve Bank will issue banknotes in 10, 50 and 100 million dollars. In doing so, in November were presented to the dignity of banknotes 100 thousand, 500 thousand and a million Zimbabwean dollars.
On the black market value of the 100-thousandth banknotes is only one United States dollar. In doing so, Baton bread worth two U.S. dollars.
By the end of September 2008, the 12-month increase in consumer prices in the country amounted to 231 million percent.
In August, Zimbabwe conducted denominations, in which banknotes with the Zimbabwean dollar had been removed 10 zeroes.

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