Friday 12 June 2015

As currency dies, Zimbabweans will get $5 for 175 quadrillion local dollars

As currency dies, Zimbabweans will get $5 for 175 quadrillion local dollars

Zimbabweans will start exchanging 'quadrillions' of local dollars for a few U.S. dollars next week, as President Robert Mugabe's government discards its virtually worthless national currency, the central bank said on Thursday. The southern African country started using foreign currencies like the U.S. dollar and South African rand in 2009 after the Zimbabwean dollar was ruined by hyper-inflation, which hit 500 billion percent in 2008.
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