Zimbabwe Introduces $10 Million Bill

The government of Zimbabwe is rolling out a $10 million bill for the purpose of…stemming currency shortages.
The $10 million bill is worth about $4 in the U.S. Here’s the money quote (so to speak):

To put it in figures, the Reserve Bank of Zimbabwe cannot account for more than $65 trillion of the $67 trillion cash currently in circulation.

Posted by on January 18th, 2008 at 10:21 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.