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Zimbabwe to print first $100 trillion note

Zimbabwe's central bank says it will soon introduce a 100 trillion dollar note as the once prosperous country battles to keep pace with hyperinflation that has caused many to abandon the country's currency. picked by Bornbad 11 months ago

tags Zimbabwe print first $100 trillion note

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16	fizz71

11 months ago

If my math is correct, it makes 3,000 Zimbabwe dollars equal to LESS then 1 US penny ($.01)! Why would a currency need get so small? I understand some countries are broke and 300 US dollars is serious life altering cash to them, but 1/3000th of penny for 1 dollar? What purchase would warrant such a factor.

Any folks schooled on this stuff have an explanation as to how this happened? I mean...9 digits? ...for the US equivalent of $300?

300 billion Zimbabwean dollars for a loaf a bread?

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5	gizmo422...

11 months ago

Wasn't this once in Mr. Burns' possession?

http://en.wikipedia.org/wiki/The_Trouble_with_Trillions

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bingo

11 months ago

*Update to this story:

http://www.plime.com/l/69299/1/

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15	zebrahdh

11 months ago

I think they need to revert to the barter system.

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5	raginghe...

11 months ago

I need that note heh. Plus if zimbabwe ever recovers it would've been the best investment I ever made.

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