New Zimbabwe $10Billion Note Enough Only To buy Bread
As Zimbabwe stands at the brink of collapse, Zimbabwe’s central bank introduced a $10 billion note worth less than 20 U.S. dollars, as the once-prosperous southern African nation battles against spiraling hyperinflation.
The new note, expected to buy just 20 loaves of bread, comes just a week after Zimbabwe issued a $500 million note to ease a cash shortage.
Reserve Bank of Zimbabwe Governor Gideon Gono said the $10 billion note was being introduced for the “convenience of the public ahead of the festive season.”
On Thursday, the U.S. dollar traded for about 600 million Zimbabwe dollars, and the hyperinflation was expected to continue.
People slept overnight at the bank doors, hoping to get money for the next day.
President Robert Mugabe apologized to his ZANU-PF party supporters Thursday for the problems Zimbabweans were facing but insisted his nation has turned a corner in its fight against its worst humanitarian crisis, the state-owned Herald newspaper reported.
Shortages of most essentials such as electricity, fuel, medicine and food have become a common feature in Zimbabwe, forcing people to flee the country.
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Belmos on Wed, 31st Dec 2008 6:23 pm
I am always thinking that, what he will do when i give $100 to a person in Zimbabwe.
I seen that many peoples from Zimbabwe are not even having food to eat, then why should not we give money to help them.
atchisson on Fri, 2nd Jan 2009 7:09 pm
the economy is so messed up in Zimbabwe right now I dont think they will ever become stable. I would like to lend my support somehow
Bill M on Sat, 3rd Jan 2009 7:12 am
they need to do away with their currency and use a world established one.
Anne on Fri, 9th Jan 2009 5:00 pm
OMG i am going to be a rich bastard in zimbabwe!! lets bling bling myself
Busby on Sun, 11th Jan 2009 12:10 am
He should not trade that $20 US for the 10 Billion Zimbabwe it will be worth only $15 in a week better spend it fast. If you want to help send food not money
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Ron Russell on Fri, 16th Jan 2009 10:01 am
A 10 billion dollar note–that sounds like a lot, but I understand it isn’t. Read a recent article about Zimbabwes have to eat cow dung to supplement the diets. Wonder how many cow turds that 10 billion dollar note would buy? Wrote a recent article about this on my blog–such as it is.
mike on Sun, 18th Jan 2009 12:32 pm
RBMjOL hi! how you doin?
GJ Tryon on Sun, 25th Jan 2009 7:16 am
A third one ten millionth Zimbabwean penny for my thoughts? When Whitey gets the boot, he takes the loot!
Mezzo on Sun, 25th Jan 2009 7:36 am
OMG i might as well get one to call myself a billionaire. lol
Elexis-MBA admission essay on Mon, 26th Jan 2009 4:43 pm
I pity the people of Zimbabwe the purchasing power of their money simbolizes their economic status. Im afraid that they might not get through it easily. It also happen to the Philippines during the Japanese occupation.
ariwolu on Wed, 4th Feb 2009 3:08 pm
NIce blog…
Take the good side…
We dont need a briefcase to bring billions money
Mieszkania gryfino on Thu, 26th Feb 2009 4:03 pm
This is kinda sad. If suddenly we got a hyperinflation here and all the money I keep in my closet (I prefer to have lots of cash just in cas) loses its value I’d be devastated. That’d be awful.
kampanye damai pemilu indonesia 2009 on Thu, 26th Feb 2009 6:38 pm
Did you have any idea how to get those money? Because I like to have one of those for a collection.
steve on Fri, 27th Feb 2009 9:18 pm
I have bought one these notes off ebay and framed it in my living room . Its really sad to see a countries economy suffer so bad .
ringenvy on Wed, 18th Mar 2009 5:48 pm
Lol this is hilarious ! I am paying $ 10 billion for a packet of bread !
Tom Iron Beds on Sun, 5th Apr 2009 8:29 am
Looks like you get this notes on ebay !
I am gonna get one too.
Zimababve surely needs to iron out the problem .
I think the bigger countries should interfere !