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Zimbabwe Introduces $50 Billion Bill

The Marxist dictatorship ruling Zimbabwe has announced plans to release a $50 billion bill, enough to buy two loaves of bread in the country.

A hyper-inflation rate of 231million percent has devestated the country’s infrastructure, which has caused a cholera outbreak that has killed more than 1,700 people.

Zimbabwean acting finance minister Patrick Chinamasa announced the new bill but did not say when it would be released. The spiraling inflation has forced all financial transactions to be done in foreign currency.

A >who’s who of world and African leaders have called for Marxist dictator Robert Mugabe to step down from power.

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Posted in Hello, Africa!.

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7 comments

By NewsGuy – January 10, 2009

7 Responses

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  1. Joe says

    I’d like to get a couple of these for my collection. Maybe I’ll send one to Madoff so he can use it to pay the $50B he stole.

    January 10, 2009, 5:18 pm
  2. TJWiskey says

    Damn, these people must be incredible at math to make change for those denominations…

    January 11, 2009, 10:58 am
  3. Pete Jefferson says

    Why doesn't the gvt. just cut off a whole bunch of zeros off the money? So two loaves of bread are 5 dollars instead of 50 billion dollars. Is it me? Am I the crazy one here?

    January 12, 2009, 6:17 am
  4. Johann says

    @ Pete

    In theory you are correct. However, with an inflation rate of 231 million percentage points you would need those zeros again and also a few more by the time the notes roll off the printers.

    January 12, 2009, 11:24 am

Continuing the Discussion

  1. Zimbabwe Introduces $50 Billion Bill - Conservative Republican Discussion Forums linked to this post on January 11, 2009

    [...] Posted by swirling_vortex Yay, now I can buy TWO loaves of bread! Zimbabwe Introduces $50 Billion Bill | The Right Perspective I can’t even fathom an inflation rate of 231 million percent. What happens when they reach [...]

  2. Zimbabwe Releases $100 Trillion Note | The Right Perspective linked to this post on January 19, 2009

    [...] than two weeks after releasing a $50 billion note that could buy two loaves of bread, the Marxist dictatorship in Zimbabwe has released a $100 [...]

  3. Well Done Jimmy! | The Right Perspective linked to this post on March 29, 2009

    [...] in Zimbabwe is so bad that in January the government released a $50 billion note — enough to buy two loaves of bread. The unemployment rate has risen to more than 85%. In 2008, [...]

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