60 Billion and No More Paper

Wednesday, July 2, 2008 around 7 am mountain time

Sokwanele.com reports:

The USD, trading at over Z$30 billion to 1 on Friday [June 27th] opened [Tuesday July 1] at over Z$60 billion.

In breaking-news this morning, German paper company Giesecke & Devrient GmbH of Munich has stopped supplying the Reserve Bank of Zimbabwe with bank note paper with “immediate effect” under mounting international pressure.

The image above shows the new 50 000 000 000 000 note, released on the 15th May and has just come into circulation — never forget to put back the three zeros removed by Gideon Gono, Governor of the Zimbabwe Reserve Bank, in 2006.

via Sokwanele. (Sokwanele means “enough is enough” in Shona and Ndebele)

This entry was posted on Wednesday, July 2nd, 2008 at 7 am and is filed under africa, money, news, world.

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