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Zimbabwe Launches $100B Bill

Note likely to prove ineffectual against hyperinflation

By Caroline Zimmerman,  Newser User

Posted Jul 20, 2008 3:29 PM CDT

(Newser) – Zimbabwe will introduce a new $100 billion bank note tomorrow to offset rampant inflation—a seemingly exorbitant sum that may not even buy a loaf of bread. The official annual inflation rate in the country tops 2,200,200%, but independent estimates peg the actual...   Read full story »

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