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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: LindyBill who wrote (244637)4/5/2008 12:36:17 PM
From: DMaA  Respond to of 793897
 
When cement disappears he'll nationalize mud and sticks.



To: LindyBill who wrote (244637)4/5/2008 3:51:03 PM
From: FJB  Respond to of 793897
 
On a related note...

THE Reserve Bank of Zimbabwe has, with immediate effect, introduced two new bearer notes of $25 million and $50 million denominations while the cash withdrawal limit for both individuals and corporates has been doubled to $1 billion.

The new notes are expected to ease the volume of notes needed when transacting. The highest denomination was $10 million, but its effectiveness had since been compromised by rising inflation.


This is the third time since December that the central bank has introduced higher denominations in response to rising inflation.

allafrica.com