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Notes getting closer to billion


Today the Reserve Bank of Zimbabwe introduced a new $250 million dollar note and just last month a new $50 million dollar note was introduced.

I think this is biggest jump so far and nobody can now argue that a new $1 billion dollar note is far off.

In December the highest note was $750,000 and then January saw the introduction of the $10 million dollar note which stayed on top until after the elections when the $50 million note was introduced.

Also this week the Zimbabwe currency was floated in an effort to counter the thriving black market and its early days to tell whether its having any success.

So its anybody's guess now whether in June or maybe July we will see the new $1 billion note.

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