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19.07.2008 - Zimbabwe to introduce 110bn dollar notes amid hyperinflation

Zimbabwe's central bank will introduce new higher-value 100 billion Zimbabwe dollar notes on Monday as part of a desperate fight against spiralling hyperinflation.

The Czech Republic news are represented by www.prague-hotel-hotels.com

Central bank Governor Gideon Gono announced earlier in the week that inflation had surpassed 2.2 million percent. Zimbabweans are suffering chronic shortages of meat, maize, fuel and other basic commodities due to the collapse of the once prosperous economy, which critics blame on President Robert Mugabe's policies, including his violent seizure of white-owned farms.

(Deutsche G8 Promises Steps Against Zimbabwe But Divisions Remain ...
Bank's No 2 to stand down early ...
Mbeki condemns 'shameful' attacks ...
ECB chief defends monetary policy ...
Welle)


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