Zimbabwe Issues New $10 million Note

I posted this story not only to announce the $10 million note, but to highlight the tragic and unfortunate inflation troubles of Zimbabwe. Makes you think a little bit about our countries' "problems" with inflation.

Forget the glitzy restaurants of New York and London: only in Zimbabwe would a hamburger actually cost millions of dollars.

The central bank of the southern African country has a issued a 10million Zimbabwe dollar note. The move increases the denomination of the nation's highest bank note more than tenfold.

Even so, a hamburger in an ordinary cafe in Zimbabwe costs 15 million Zimbabwe dollars.
.
.
.
Zimbabwe faces the world's highest official inflation of an estimated 25,000 per cent. Independent financial institutions say real inflation is closer to 150,000 per cent.

Premium Link Upgrade
 

Premium Content

This thread contains exclusive content for our premium community members.

What you're missing:
  • Full discussion and replies
  • Community interaction and voting
Already have an account?
✨ Unlock exclusive discussions and premium features
Premium Benefits:
Exclusive content • Priority support • Advanced features • Full thread access
Top