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 Friday, May 09, 2008
Zimbabwe again ups top denomination
Posted by David

Beleagured Zimbabwe released new denominations of bearer checks May 6, already topping its April issue of ever higher denominations. Bearer checks are circulating as a form of currency in Zimbabwe where inflation has made some lower denominations nearly worthless.

These newest bank notes are denominated Z$250,000,000 and Z$100,000,000. A Chinese Web site has an image of a newspaper showing the new notes, which is the best look at the new issues that I've seen online so far.

These Z$250 million and Z$100 million notes appear to be the highest denominations issued anywhere. (If that's not so, I hope someone will advise with a comment.)

Yesterday I received an e-mail suggesting the United States revive its $500 note. Do we have need of a $500 bill now? Will we in three years? That's about the fastest I think such a note could be authorized, designed and issued.



5/9/2008 11:24:13 AM (Central Daylight Time, UTC-05:00)  #  Comments [0]
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