NCR Banknote of the Day..
In another "Banknote of the Day" I pictured a man paying a lunch tab with a "Bale" of currency. Zimbabwe plagued with rampant inflation which hit 1.45 billion Zimbabwe Dollars to 1 US Dollar.
Official figures put Zimbabwe's annual inflation -- the highest in the world -- at 165,000 percent in February, but analysts say the figure vaulted as high as 1.8 million percent by May.
A two-litre bottle of cooking oil costs about Z$5 billion, almost equal to an average low-income worker's monthly wage, piling the misery on a country also grappling with food, fuel, water and electricity shortages, 80 percent unemployment and hyperinflation.
New currency has been issued dropping TEN ZEROS from the denominations. $10 Billion = $1
This 100 Billion Dollar note printed by the German printing firm Giesecke & Devrient is the second largest denomination ever printed (the largest is the Yugoslavian 500 Billion). One the day this note was released it would only buy 3 eggs! ENJOY!