Zimbabwe has economic problems too!

Zimbabwe has been in the news the better part of the last two years with particular attention paid to their political situation – a contested election and many random ethnic killings. Much…

Zimbabwe has been in the news the better part of the last two years with particular attention paid to their political situation - a contested election and many random ethnic killings.

Much of that hate stems from the spiraling economy. The past several years the national inflation rate has been around 40,000 %. An awful situation for a poor country.

In August, 2006 the Reserve Bank of Zimbabwe instituted a monetary reform, and this year several new notes have been issued in a series which began with denominations of 1, 5, 10 50 cents and 1 dollar.

Within the last few weeks the Reserve Bank has issued a 50 Billion Dollar and a 100 Billion Dollar note.

Yikes.

George