Sunday, January 20, 2008

Bank issues $10,000,000 bill

But this won't even buy you a hamburger

Forget the glitzy restaurants of New York and London: only in Zimbabwe would a hamburger actually cost millions of dollars.
The central bank of the southern African country has a issued a 10million Zimbabwe dollar note. The move increases the denomination of the nation's highest bank note more than tenfold.
Even so, a hamburger in an ordinary cafe in Zimbabwe costs 15 million Zimbabwe dollars.
The new 10 million note is the equivalent of about £2 at the dominant black market exchange rate. A hamburger at an ordinary cafe costs about 15 million Zimbabwe dollars (£3).

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