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New Zimbabwe issues $200,000 note
[link|http://news.bbc.co.uk/2/hi/business/6924062.stm|BBC]
Zimbabwe is to start circulating a new 200,000 Zimbabwe dollar note, in a bid to tackle the country's inflation, the highest in the world.

The new note, issued by the Reserve Bank of Zimbabwe from Wednesday, can buy 1kg (2.2lb) of sugar.

Food and fuel shortages have become common as the government relies more heavily on imports, pushing prices to new heights.

The official annual rate of inflation in Zimbabwe is more than 4,500%.

In practice, this means the price of a loaf of bread costs 50 times more in cash than it did a year ago.

The $200,000 note is worth $13 US at official exchange rates. The economy is going into free fall. The situation can't continue because at this rate even the rich won't be able to function shortly.

Jay
New Much deserved by the kleptocracy.
Alex

Nobody has a more sacred obligation to obey the law than those who make the law. -- Sophocles (496? - 406 BCE)
     Zimbabwe issues $200,000 note - (JayMehaffey) - (1)
         Much deserved by the kleptocracy. -NT - (a6l6e6x)

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