Zimbabwe FORCED To Print $200 MILLION Bills

by **J The Kidd** Mon Dec 08, 2008 3:27 pm

Cash-strapped Zimbabwe revealed plans Saturday to circulate $200
million notes, just days after introducing a $100 million bill, Finance
Minister Samuel Mumbengegwi said.

After the $100 million note began circulating on Thursday, the
price of a loaf of bread soared from 2 million to 35 million Zimbabwean
dollars.

Amid allegations of illegal foreign currency trading, the government
also fired top executives at four major banks Thursday, according to
The Herald, a state-owned newspaper.

Many anxious residents of the nation's capital, Harare, have been
sleeping outside banks, waiting for them to open so they can make
withdrawals before the institutions run out of cash.

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