7.24.2008

PSST! MONEY IS JUST PAPER

Perhaps your new friend in Nigeria didn’t come through with the $81 million he promised but you can now move on to Zimbabwe and become a trillionaire! Last week that country’s central bank was forced to print its first 100 billion Zimbabwe dollar note ($1,000,000,000) thanks to continued hyperinflation rate of over 100,000% in the past year. The government has spent the last few months printing a succession of 100-million, 250-million and 500-million notes which have all become almost worthless, as the new 100 billion note will only buy about two loaves of bread. The world’s largest bank note ever was a 100-trillion mark note printed by Germany in 1924. (BBC)

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