markhealey.org » zimbabwe http://www.markhealey.org A flavorful blend of all things Mark. Sun, 29 Aug 2010 04:40:58 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 100 Billion Dollar Note http://www.markhealey.org/feeder/?FeederAction=clicked&feed=Articles+%28RSS2%29&seed=http%3A%2F%2Fwww.markhealey.org%2Farchives%2F100-billion-dollar-note%2F&seed_title=100+Billion+Dollar+Note http://www.markhealey.org/feeder/?FeederAction=clicked&feed=Articles+%28RSS2%29&seed=http%3A%2F%2Fwww.markhealey.org%2Farchives%2F100-billion-dollar-note%2F&seed_title=100+Billion+Dollar+Note#comments Sun, 20 Jul 2008 03:50:39 +0000 Mark Healey http://www.markhealey.org/?p=359 Major news organizations are reporting (BBC, CNN) Sunday morning (GMT) that Zimbabwe’s Reserve Bank is set to unveil new $100 billion bank notes on Monday. The new note is equivalent to $1 US, and can only buy 4 oranges. While official inflation rate figures were announced late last week at a staggering 2,200,000%, independent economists and contacts in Zimbabwe believe the inflation to be actually closer to 15-20 million percent.

Just 15 days ago, the Zimbabwean dollar was valued at $60 billion to $1 US. To put this in startling perspective, inflation rates in January hovered around 50,000% and the Zim dollar was valued at $2 million to $1 US.

]]> http://www.markhealey.org/feeder/?FeederAction=clicked&feed=Articles+%28RSS2%29&seed=http%3A%2F%2Fwww.markhealey.org%2Farchives%2F100-billion-dollar-note%2F&seed_title=100+Billion+Dollar+Note/feed/ 0 Taking it up a notch http://www.markhealey.org/feeder/?FeederAction=clicked&feed=Articles+%28RSS2%29&seed=http%3A%2F%2Fwww.markhealey.org%2Farchives%2Ftaking-it-up-a-notch%2F&seed_title=Taking+it+up+a+notch http://www.markhealey.org/feeder/?FeederAction=clicked&feed=Articles+%28RSS2%29&seed=http%3A%2F%2Fwww.markhealey.org%2Farchives%2Ftaking-it-up-a-notch%2F&seed_title=Taking+it+up+a+notch#comments Sat, 05 Apr 2008 04:15:08 +0000 Mark Healey http://www.markhealey.org/?p=281 The BBC is reporting that the MDC is going to Zimbabwe’s High Court Saturday in Harare to force the ZEC to release last week’s election results.

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