New Zimbabwean $ 10 Billion note introduced

New Zimbabwe $10B note buys bread


Zimbabwe's central bank introduced a $10 billion note worth less than 20 U.S. dollars, as the once-prosperous southern African nation battles against spiraling hyperinflation.

The new note, expected to buy just 20 loaves of bread, comes just a week after Zimbabwe issued a $500 million note to ease a cash shortage.

Reserve Bank of Zimbabwe Governor Gideon Gono said the $10 billion note was being introduced for the "convenience of the public ahead of the festive season."

On Thursday, the U.S. dollar traded for about 600 million Zimbabwe dollars, and the hyperinflation was expected to continue.

People slept overnight at the bank doors, hoping to get money for the next day.

Comment: Search Ebay for Zimbabwe notes. Above is a $ 50 Billion note

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