Economics: new meaning for 'Mr Moneybags'.

Position:Business briefs - Brief article
 
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The Zimbabwe Central Bank has issued a new Z$1,000 bank note in the wake of inflation nearing 1,100% at mid-year. The bank note, in the form of a bearer cheque, was worth, at the time of issue on 1 June, about 90 US cents at the official rate and about half that at the parallel rate. It buys one small apple, and you'll need five of them for a loaf of bread.

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Central Bank governor, Gideon Gono, is phlegmatic about the new notes. "It is not the first and last time to see us introducing bearer cheques and we...

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