The governor of Zimbabwe's Central Bank has announced that effective August 1st, the current 10,000,000,000 Zim dollar note will be replaced by a new 1 Zim dollar note. Thus at the stroke of a pen, 10 zeroes will disappear and the number of Zimbabwean billionaires will be considerably reduced. He said this was necessary because the computer systems in Zimbabwe were having trouble dealing with the hyperinflationary figures.
Given this though, one wonders what kind of paper the new currency note will be printed on.
No comments:
Post a Comment