At least in Zimbabwe, where they’ve just introduced a half-billion dollar note:
ZIMBABWE has introduced a new half-a-billion dollar bank note in a bid to tackle cash shortages fed by rampant inflation, the central bank said today.
“Introducing the new 500,000,000 bearer cheque for your convenience,” read a Reserve Bank of Zimbabwe full-page advert in the state daily, The Herald, displaying specimens of the new note.The note, comes into circulation 10 days after the introduction of a quarter-of-a-billion one early this month.
At today’s exchange rate, that half-billion note is worth $16,666 US. But at 165,000% inflation, it won’t take long before they need to print half-trillion notes.
They’re going to have to start using scientific notation on their currency.
May 16, 2008 at 1:43 pm
I’ve blogged about Mugabe several times… I know he’s a horrible person and will be confined to the crapper in hell with the eternal jalepeno squirts, but a part of me admires the guys fight…