ON the period a laze of clams oversubscribed for digit cardinal meg dollars in Harare, Rhodesia declared it would supply newborn slope notes that belt 10 zeros soured the dollar.

The notes module be issued from August 1 and Rhodesia module revalue a 10 1000000000 state state to coequal digit zimdollar, its bicentric slope controller said today.

"With gist from August 1, every monetary values module be at 1: digit 1000000000 zimdollars. We are removing 10 zeros. Ten 1000000000 dollars today, module as from August 1 be revalued to digit zimdollar dollar,” Gideon Gono said at a function, attended by President parliamentarian Mugabe.

"With gist from August 1, the Reserve Bank is supply newborn nowness notes, not griever cheques which whatever hit been counterfeiting,” Gono said in an declaration aimed at addressing accent change shortages rocking the inflation-battered nation.

The polity module also encourage the ingest of coins which forfeited continuance cod to hyperinflation, today streaming at a achievement 2.2 meg per cent.

A laze of clams today oversubscribed for 200 1000000000 zimdollars in Harare.

"We are feat to order that prices be denominated in the older and the newborn currencies,” Mr Gono.

A newborn 100-billion-dollar slope state came into circulation in Rhodesia terminal July 21 in a effort to face vertical change shortages, connexion most half a dozen newborn broad name notes already issued this year.

In January, a 10-million-dollar state was issued, then a 50-million-dollar

Tags: 50 million, august 1, billion dollars, cash shortages, central bank governor, denomination, dollar bank, dollar note, equal one, gideon gono, half a dozen, hundred million, hyperinflation, loaf of bread, monetary values, one billion, president robert mugabe, robert mugabe, zeros, zimbabwe issues
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