Friday, January 16, 2009

Mugabe Jumps to Lead Over Bernanke in Money Printing Race

Zimbabwe's central bank will issue a 100 trillion Zimbabwe dollar banknote. At current black market rates, it will be worth about $33.

In addition to the Z$100 trillion dollar note, the Reserve Bank of Zimbabwe plans to launch Z$10 trillion, Z$20 trillion and Z$50 trillion notes, the Herald newspaper reported.

Prices are doubling every day.

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