Zimbabwe introduces the new ZW$50 billion note for real!

http://edition.cnn.com/2009/WORLD/africa/01/10/zimbawe.currency/index.html?iref=werecommend

And the RBZ (Reserve Bank of Zimbabwe), in August, slashes 10 zeros, 10 as in 1, 2, 3, 4, 5, 6. . .10 zeros from its currency only for it to bounce back

ZW$10 billion note was introduced during christmas to ease 'stress' during the festive season. Then that went for a loaf of bread, but now it can barely afford half a loaf that's why its big brother (ZW$50 billion) is now here to help it afford 2 loaves of bread.

Other facts:

1. This situation has been tagged 'hyper-inflation'

2. Inflation rates is officially recorded at 231milllion percent

3. The ZBW dollar is worthless

4. The new ZW$50 billion and ZW$20 billion dollar notes will come out soon. Date not yet released

More updates as time goes on

Update

US$1 trades for ZW$25billion

no one cares . . . these are not arabs.

with 1000 naira, how many wives can i marry in Zimbabwe ?

banom:

with 1000 naira, how many wives can i marry in Zimbabwe ?

I went to Zim three weeks backs and I think Zimbabwe is the most expensive place on earth,a loaf of bread sell for around US$10. Shops don't trade in the local currency anymore,they use Euro,US dollars,British Pounds,SA Rands,Botswana's Pula.Things are tough esspecially for poor and old,every family have someone who works outside the country and send them food parcel every month,situation in Zim is bad.It is sad to see educated family,working in top company in the country yet struggling to have meals three times a day.

On the lighter side,one guy was joking that because of inflation changes,when you are with friend at the bar you must always buy the first round because the second round might be double the price due to inflation

What really is the solution to this debacle faced by Zimbabwe?
As an African its becoming really embarrassing and somewhat depresssing
to see fellow Africans go through this and not seeing any real solution coming.