Just How Dumb Is The BBC?
Written by Brian Garst, Posted in Foreign Affairs & Policy
Zimbabwe is introducing a Z$100 trillion note, currently worth about US$30 (£20), state media reports.
Other notes in trillion-dollar denominations of 10, 20 and 50 are also being released to help Zimbabweans cope with hyperinflation.
However, the dollarisation of the economy means that few products are available in the local currency.
Well I guess Zimbabwe is lucky to have someone like Mugabe printing boatloads of money, otherwise their country might have no way to cope with the invasion of the dollar!
Oy.
I serve as Vice President of the Center for Freedom and Prosperity, a non-profit think tank dedicated to preserving tax competition and free markets. This site features my personal views, which are not reflective of CF&P.