Friday, January 16, 2009

Got $8? You're a multi-trillionaire!

The NY Times recently reported:

Zimbabwe: A 10-Trillion-Dollar Bill
By Celia W. Dugger

The country’s stratospheric inflation rate, one of the worst in world history, entered a new, yet more incredible realm on Friday as the Reserve Bank introduced a new family of trillion-dollar bank notes, beginning with one for 10 trillion Zimbabwean dollars, which is worth about $8 on the black market. The state media reported the bank would also gradually release $20 trillion, $50 trillion and $100 trillion notes.

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