Just as we were having a little fun with the Zimbabwe currency quagmire – they were running out of the paper required to print money – and prepared to report on their official 2.2 million percent inflation rate – yes, you read that correctly – which some independent economists say is closer to 12.5 million percent, they go and wreck all of the fun!
Effective Friday, they’ve dropped the last ten 0’s from the currency. Incredibly, it isn’t the inflation rate that’s worrying the central bank governor – what a great job he’s doing – it’s that their computer systems can’t handle the billion and trillion dollar denominations
So, wave your wand and voilà – $10 billion Zimbabwe dollars = $1 Zimbabwe dollar. You can read more here.