Finance Roadmap » cost http://www.financeroadmap.co.uk Finance blog Wed, 17 Jun 2009 04:38:00 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 It is a $100 Trillion note for Zimbabwe http://www.financeroadmap.co.uk/273-it-is-a-100-trillion-note-for-zimbabwe.html http://www.financeroadmap.co.uk/273-it-is-a-100-trillion-note-for-zimbabwe.html#comments Mon, 19 Jan 2009 07:33:16 +0000 David Allen http://www.financeroadmap.co.uk/?p=273 There is a real sign of hyperinflation and that is when the central banks start issuing high denomination bank notes. We have been following this in Zimbabwe where the president, Robert Mugabe has found his country virtually cut off from the outside.

The central bank has had to introduce the highest denomination bank note ever recorded in the world in order to cope with the out of control inflation. The Z$100 trillion note is one such note that is only worth around £22, so it is clear how much this amount is really worth.

There is no end in sight for the Zimbabwe government in fact thing will no doubt get a lot worse with the central bank struggling to cope to out of control inflation. In the mean time, it is the ordinary of the country who suffer, as per normal.

Source [Telegraph]

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