Skip to main content

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 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