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What 10 Million Buys.(Periscope; BLACK MARKETS)(10 million Zimbabwe dollars)(Brief article)
Newsweek International
|
April 07, 2008 |
Johnson, Scott |
COPYRIGHT 2008 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
Byline: Scott Johnson
Zimbabwe's new 10 million dollar bill is red, perhaps a warning that this money is melting down fast. Last week, 10 million Zimbabwe dollars could buy two rolls of toilet paper. By now, it probably won't get quite that much. Not surprisingly, the currency is not adorned with the face of president Robert Mugabe, but with a pastiche of fish.
The world's most bankrupt economy has an inflation rate of 100,000 percent and a vast black ...
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Source: HighBeam Research, What 10 Million Buys.(Periscope; BLACK MARKETS)(10 million Zimbabwe...