Wednesday 26 October 2016

Get $100 trillion for just 40 cents

Zimbabwe's central bank says banknotes from its old currency, which collapsed and was discarded years ago because of runaway inflation, can be exchanged for American dollars. But 100 trillion Zimbabwean dollars will fetch only 40 US cents.

That's a fraction of what collectors have been paying for the notes with numerous zeroes for years.

Zimbabwe in 2009 abandoned its currency for a system dominated by the US dollar and the South African rand after inflation hit 230 million per cent.

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