Zimbabwe’s New Bank Note: Leftist Loon Mugabe Finds out That a Half Billion Dollars of Nothing is Still Nothing.

This is where unrestrained leftist economic policies leads.

ZIMBABWE has introduced a new half-a-billion dollar bank note in a bid to tackle cash shortages fed by rampant inflation, the central bank said today.
The $500,000,000 note is worth $A2.61c. Source

I couldn’t find a picture of the new bank note, but here is one from January. Notice that the money is so worthless that it come with an expiration date.

The report goes to quote the state run newspaper:

"Introducing the new 500,000,000 bearer cheque for your convenience," read a Reserve Bank of Zimbabwe full-page advert in the state daily, The Herald, displaying specimens of the new note.

The note, comes into circulation 10 days after the introduction of a quarter-of-a-billion one early this month.

This is the fourth set of high denomination notes to be issued this year, the first being in January when a 10 million dollar note was put into circulation. The next was on April 2 when a 50 million dollar note came into being before the 100 and 250 million dollar notes were introduced on May 2.

Interest has reached 165,000%, but Mugabe is still in power, still killing people, and still loved by the leftards. At this rate they probably can’t print the money fast enough to pay the printer.

Give a leftist a free hand at running the economy and this is what you'll get.

No comments:

Post a Comment

All comments containing Chinese characters will not be published as I do not understand them