Zimbabwe introduces new bank notes again - $100 million and $250 million
>> 06 May 2008

Anyone knows how many bank notes we now have in Zimbabwe? I have lost count the monetary situation has gone bananas in our beautiful land of milk and honey.
The Reserve Bank governor Mr Gideon Gono has just announced the introduction of new banks notes. A new ZW$100 000 000 bank note and also a new ZW$250 000 000 bank note. This is meant to minimise the inconvenience to the banking public.
Only last month the reserve bank introduced $25 million and $50 million bank notes. Can there be an failure greater than this? This is probably the mother of all failures and only in Zimbabwe can such failure be rewarded. People spend all their time in queues, hunger and starvation is the order of the day. Only to get $5 billion the maximum allowed in a day, and what do they buy with such a pathetic amount of money, a mobile phone call cost just about $4 million per minute.
So what do you think about this current money situation in Zimbabwe? DO you think anyone is still in control of the situation? Personally I don't think so, they have failed and they should just leave. Until when whilst people are suffering like this and the only solution they authorities have is to print more useless notes.
I'm interested in what you have to say leave your comment.
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