According to The Times, Zimbabwe’s Reserve Bank Governor, Gideon Gono, introduced three new bank notes into circulation yesterday. The new $250,000, $500,000 and $750,000 bills replace the $200,000 note, and should actually alleviate the extreme cash shortage at the moment. There just aren’t enough notes in circulation to keep up with inflation. It’s not terribly important though as there is absolutely nothing in the stores to buy.
200,000 Zimbabwean dollars is the equivalent of $0.12 — yes, twelve cents — in US dollars. And that was yesterday.
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