Posted on 01/29/2009 8:18:12 PM PST by TigerLikesRooster
Zimbabwe abandons its currency
Zimbabweans will be allowed to conduct business in other currencies, alongside the Zimbabwe dollar, in an effort to stem the country's runaway inflation.
The announcement was made by acting Finance Minister Patrick Chinamasa.
BBC southern Africa correspondent Peter Biles says the Zimbabwean dollar has become a laughing stock. A Z$100 trillion note was recently introduced.
Until now only licensed businesses could accept foreign currencies, although it was common practice.
The country is also facing a deepening humanitarian crisis as well.
A cholera outbreak has killed over 3,000 people according to the World Health Organization (WHO).
And the World Food Programme (WFP) has revised up the number of people it says need food aid.
It now says seven million Zimbabweans are in need
(Excerpt) Read more at news.bbc.co.uk ...
They'll just have to substitute the good grace of President Obama flying in a few tons of Franklins to tide President Robby over.
I would like to buy a $100 trillion note
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