What a Bank Note: The $100,000,000,000 Bill
Posted on Sunday, July 20th, 2008 | In Current Market News, Stocks to Watch
Contributed by: Fred Fuld (http://stockerblog.com) -
It may be hard to believe but the country of Zimbabwe is coming out with new currency banknotes: the $100 billion bill. They are issuing this currency due to their outrageous inflation rate, which I had written about in a previous article. Back in January, the inflation rate there was only 100,000%. The hyperinflation has gotten so bad that the Zimbabwe government says that the inflation rate is now 2,200,000%, but experts believe that the inflation rate may be as much as 15,000,000%.
Inflation has been so bad that an entrepreneur started making business cards out of the currency, until the government banned the practice.
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