Zimbabwe central bank slashes 12 zeros from currency
Hyper inflation, inflation officially pegged at 231 million percent
By Stephen Chadenga —— Bio and Archives--February 3, 2009
World News | Comments | Back To Full Article
Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ), has slashed 12 zeros from the local currency (Zimbabwe dollar), a move that will see the highest denomination of 100 trillion dollars revalued to 100 dollars, introducing new currency denominations, among other measures, in a bid to revamp the dilapidated economy.
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