Zimbabwe Release $100 Trillion Banknotes to Hit Inflation Rate

Zimbabwe central bank will be $ 100 trillion Zimbabwe bank note, worth about U.S. $ 33 on the black market desperate attempt to cash shortages, state-run media said on Friday.

Inflation is filled with prices doubling daily - so in future efforts to ease cash shortages Zimbabwe issues a $ Z100 trillion U.S. dollars bill prices are doubling every day, and food and fuel are scarce. The new note will go into circulation Monday. As high as they are, but the bills are still not NOK to buy a bread. The new note is equal to one dollar.

Hyper-inflation has forced the central bank to continue to release new banknotes, which quickly become virtually worthless. Independent economists however believe the official inflation is grossly understated, estimating it could run between 10 million and 15 million percent.

Previous editions of the new notes has done much to curb the cash-generating crunch meetings Zimbabweans. Just 2 months back, they introduced the $ 500 million U.S. dollar notes, and now they have these $ 100 billion U.S. dollar notes. So they add a zero to the currency, approximately every month.

Zimbabwe hyperinflation is running faster and faster. In addition to the Z $ 100 billion U.S. dollar note Reserve Bank of Zimbabwe is planning to launch Z $ 10 billion, Z $ 20 billion and Z $ 50 billion notes Herald newspaper reported. Just 2 months back, they introduced the $ 500 million U.S. dollar notes, and now they have these $ 100 billion U.S. dollar notes. Read More Information Click Here