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Yet another note for Zimbabwe

Next week the Reserve Bank of Zimbabwe will introduce another new note and this time a $50,000 note.

Earlier in the year I used to follow these new currency introductions but have since lost track because it seems every few weeks there is a new note being introduced.

With official inflation at 231 million percent its hardly surprising that there is a need for a new note every now and again as the previous highest one fails to buy bread or pay for transport costs to work.

Also nothing is being done to fix the problems that make inflation so high and maybe until a new government is formed we will see new notes introduced and once again zeros cut.

All those zeros that were slashed a few months ago are slowly creeping back and prices for basic things will soon be in the millions again.

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