Zimbabwe Chops Zeroes off Currency

Source from:  tr.itsmyiq.com Jul 31, 2008 08/01/2008

The Zimbabwean reserve bank will scrap 10 zeros off the country's hyperinflated currency, reports The Wall Street Journal The move comes a week after the Reserve Bank introduced a 100 billion-dollar note, which wasn't enough to buy a loaf of bread. The Zimbabwean dollar's rapidly declining value mirrors the country's demise from breadbasket to basket case. At independence, in 1980, the Zimbabwean currency was worth more than the U.S. dollar. Enditem