Zimbabwean bank issues new notes

Monday, September 29, 2008 around 8 am mountain

The RBZ has, yet again, issued new currency. The BBC reports:

The Zimbabwean central bank has issued higher denomination banknotes in order to battle the cash shortage caused by the world’s highest inflation rate.

New 10,000 and 20,000-dollar notes have been released to help Zimbabweans deal with crippling hyperinflation which is said to be at 11.2 million per cent.

The central bank has issued a slew of new notes since August when it sliced 10 noughts off the local currency.

Cash supply is so tight only Z$20,000 (US$20) can be withdrawn daily.

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