Zimbabwe rolls out $500 million bill
ALEXANDER JOE/AFP/Getty Images With no apparent sense of their own absurdity, Zimbabwe’s central bank has issued a new bill worth 500 million Zimbabwe dollars to ease cash shortages. This follows the Z$250 million bill (pictured) that they issued last week. Prices for goods now double every week as the country braces for a runoff in ...
ALEXANDER JOE/AFP/Getty Images
With no apparent sense of their own absurdity, Zimbabwe’s central bank has issued a new bill worth 500 million Zimbabwe dollars to ease cash shortages. This follows the Z$250 million bill (pictured) that they issued last week. Prices for goods now double every week as the country braces for a runoff in what has already been a bloody and controversial presidential election.
I’m a little suprised that President Robert Mugabe hasn’t followed Hugo Chavez’s lead and just chopped a few zeroes off the end, if only to save accountants some headaches.
Joshua Keating is a former associate editor at Foreign Policy. Twitter: @joshuakeating
More from Foreign Policy
America Is a Heartbeat Away From a War It Could Lose
Global war is neither a theoretical contingency nor the fever dream of hawks and militarists.
The West’s Incoherent Critique of Israel’s Gaza Strategy
The reality of fighting Hamas in Gaza makes this war terrible one way or another.
Biden Owns the Israel-Palestine Conflict Now
In tying Washington to Israel’s war in Gaza, the U.S. president now shares responsibility for the broader conflict’s fate.
Taiwan’s Room to Maneuver Shrinks as Biden and Xi Meet
As the latest crisis in the straits wraps up, Taipei is on the back foot.
Sign up for World Brief
FP’s flagship evening newsletter guiding you through the most important world stories of the day, written by Alexandra Sharp. Delivered weekdays.
By submitting your email, you agree to the Privacy Policy and Terms of Use and to receive email correspondence from us. You may opt out at any time.