WhatFinger

It’s back to the good old U.S. dollar for the troubled African nation

Zimbabwe waves farewell to its 100-trillion-dollar bills


By News on the Net Market Watch——--July 23, 2015

News Headlines | CFP Comments | Reader Friendly | Subscribe | Email Us


The glory days of being a millionaire, billionaire and even quadzillionaire are coming to a fast end in Zimbabwe.

The African country’s central bank on Monday will begin a “demonetization” program to work 100-million-dollar, 100-trillion-dollar and other eye-popping bank notes out of circulation, and swap them for clean, less zero-y U.S. dollars. For every 175 quadrillion, or 175,000 trillion, Zimbabwe dollars, locals will get $5 in exchange. For 250 trillion Zimbabwe dollars, you get $1. More...

Support Canada Free Press

Donate


Subscribe

View Comments

News on the Net——

News from around the world


Sponsored
!-- END RC STICKY -->