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Alistair's African History Blog

By Alistair Boddy-Evans, About.com Guide to African History since 2001

Zimbabwe Bank Notes Lose Zeros

Saturday August 2, 2008
Zimbabwe's central bank has issued new bank notes once again to cope with the country's inflation rate (officially at some 2,000,000 percent though more likely around 9,000,000 percent according to the BBC). The latest bank notes have had the zeros chopped off, with the 10 billion Zimbabwean dollar note which came into circulation less than a fortnight ago now revalued to just one Zimbabwean dollar. You can't help but wonder how much money has been spent repeatedly printing new bank notes in the country in recent years.

History of Zimbabwe

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