You mean $5 Billion? Yes, if you live in Zimbabwe, that’s about the value of an American dime. You know the old saw about “if you’re out of checks, you’re out of money” – no, I’m not talking about your spouse’s money laundering skills – but in Zimbabwe, they’re not kidding! The government is running out of paper on which to print money, which is dangerously close to bringing the country to its knees according to a report in the The SF Chronicle.
Hyperinflation? Just this year, the government has gone from printing million-dollar notes to denominations now topped by a $50 billion note, which is worth just UNDER $1.00 U.S. The latest – $50 billion for a beer!