Zimbabwe removes 12 zeros from currency

[Doctor Cynic]

Source: CNN

HARARE, Zimbabwe (CNN) -- Zimbabwe slashed 12 zeros from its currency as hyperinflation continued to erode its value, the country's central bank announced Monday.

"Even in the face of current economic and political challenges confronting the economy, the Zimbabwe dollar ought to and must remain the nation's currency, so as to safeguard our national identity and sovereignty. ... Our national currency is a fundamental economic pillar of our sovereignty," said Gideon Gono, governor of the Reserve Bank of Zimbabwe.

"Accordingly, therefore, this monetary policy statement unveils yet another necessary program of revaluing our local currency, through the removal of 12 zeros with immediate effect."

The move means that 1 trillion in Zimbabwe dollars now will be equivalent to one Zimbabwe dollar.

Read more: http://edition.cnn.com/2009/WORLD/africa/02/02/zimbabwe.dollars/

[Enrique]

1. can you break this ten million dollar bill?

[cosmicone]

3. That's nothing! How about Z$ 50 BILLION?

"



How about $100 TRILLION?

http://edition.cnn.com/2009/WORLD/africa/01/16/zimbawe.currency/index.html

[-..__...]

10. In Zimbabwe...

pile of rocks is national monument to commemorate our great leader and father of our country, President Mugabe.

May he be blessed with good fortune and many childrens.

[izquierdista]

2. George money

I wish that George had only spent a trillion Zimbabwe dollars on his adventure in Iraq......

[greiner3]

4. 12 down, 12 to go?

[L. Coyote]

5. That's a lot of ink! Where can I get some of the collectable old currency?

[Aristus]

6. Zimbabwe, the land of opportunity. Everyone can be a millionaire!

B-)

[Regret My New Name]

8. Trillionaire it seems.

[Aristus]

12. Now THAT'S opportunity!

B-)

[Richard D]

7. They'll be back in a few weeks.

Sadly.

[WriteDown]

9. All part of the colonialists plan...

:sarcasm:

[Posteritatis]

11. That's a total of 26 zeroes removed so far, I think... (nt)

[pink-o]

13. Yeah,,,funny how we didn't go "liberate" that country from it's brutal dictator

...if we believed so much in people being free, then...oh, yeah...

THERE'S NO FUCKING OIL IN ZIMBABWE!!!

[Psephos]

15. How much oil have we gotten from Iraq?

Iraq has actually been awarding its oilfield contracts preferentially to non-US firms.

The US went there because Bush had a hard-on for Saddam. jmo

[Turbineguy]

14. Trillionaire for a day

Sounds like Mugabe could be the next Repub nominee... He certainly seems to be qualified (to their standards). Except maybe for the born in the USA bit. But then they think we have that now.

[Sabriel]

16. Why can't we do the same with the national debt?

It doesn't look that hard...just drop a few off the end, et voila!