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.
Last 5 posts by Fred Fuld
- Fuel Cell Bloom Box - February 22nd, 2010
- Warren Buffett's Berkshire Hathaway Joining SP 500 - February 12th, 2010
- What Stock Goes Up When the Market Drops, and Also Pays a Dividend - February 8th, 2010
- Guest Article: Despite Strong GDP Growth Energy Prices Sink Lower - February 4th, 2010
- Fidelity Offering Commission Free ETF Trading and $7.95 Stock Trading - February 2nd, 2010
![]() About Fred Fuld (http://stockerblog.com)
Copyright © 2004-2007 Stockerblog.com. All Rights Reserved. From time to time, the proprietor of Stockerblog may own shares in some of the stocks mentioned in the blog. No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. We are not responsible for any of the advertisers on this site. Stockerblog receives a small commission on any items ordered from Amazon links on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, or registered servicemarks of their respective trademark or servicemark owners. |





