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Zimbabwe: three zeros taken off money
 (SomaliNet) Zimbabwe's Reserve Bank has come to the rescue of Zimbabwean shoppers by slashing three zeros off Zimbabwe's currency. This will help shoppers in Zimbabwe carry less cash on their shopping sprees. "From tomorrow, the 1st of August 2006, three zeroes are being taken off every bearer cheque (bank note) which introduces a new family of bearer cheques. That makes much more sense and I hope dollars as well," Gideon Gono, Zimbabwe National bank's governor said. Zimbabwe National Bank governor added, "It returns to us stability and convenience and of course this is just one monetary mechanism to help make commerce and everyday life more convenient. Zimbabwe is a victim of the world's highest inflation rate. Posted by: Fred 2006-08-02 |
| http://www.rantburg.com/poparticle.php?ID=161635 |