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Strategies & Market Trends : Africa and its Issues- Why Have We Ignored Africa? -- Ignore unavailable to you. Want to Upgrade?


To: Stephen O who wrote (964)7/30/2008 3:17:12 PM
From: Stephen O  Read Replies (1) | Respond to of 1267
 
Zimbabwe Will Remove 10 Zeroes From Currency, Central Bank Says 2008-07-30 09:43:16.890 (New York)

By Brian Latham
July 30 (Bloomberg) -- Zimbabwe, which has the world's highest inflation rate, will remove 10 zeroes from its currency on Aug. 1, the central bank said.
``The 100 billion Zimbabwe dollar note will now be worth 10 Zimbabwe dollars,'' Kumbirai Nhongo, a spokesman for the Reserve Bank of Zimbabwe, said in a telephone interview today from the capital, Harare.

For related news:
On Zimbabwe's political crisis: TNI ZIMB POL <GO> Top regional stories: AFTO <GO>

--Editors: Paul Richardson, Ralph Johnston