Saturday, December 13, 2008

$500 M = $8 USD

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You may think I am kidding. But somewhere in this world $500 Million Dollar is same as 8 US Dollar. It is enough to buy just eight loaves of bread. The name of the country is Zimbabwe, that nation battles to curb the spiraling hyperinflation. Zimbabwe's central bank is introducing a $500 million note -- the highest current denomination the world ever had.. Last week Reserve Bank of Zimbabwe (RBZ) had issued 100 million dollar notes.But those notes failed to reduce the long queue for cash. So Friday RBZ will circulate 200 million dollar Notes along with 500 million dollar notes.


News and photo courtesy: CNN

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