this is inflation folks

[glovesetc]

Zimbabwe to introduce $1 million note
Posted: 10:48 AM ET
(CNN) — Zimbabwe will introduce a $1 million note this week as the
country tries to ease the effects of hyperinflation, the country’s central bank
said Monday.

Despite chopping 10 zeros off the currency in August, Zimbabwe’s currency
continues to lose value as inflation gallops ahead. In August, the highest note
in the once prosperous southern African country was Z$100 billion.

The official rate of inflation is 230 million percent, the world’s
highest, but independent analysts put the figure in billions.

“In the measures under way, the Reserve Bank [of Zimbabwe] plans to
introduce a number of new, higher denominations; review the cash withdrawal
limits, as well as commence aggressive campaigns for increased usage of
alternative means of payment,” bank governor Gideon Gono said in a statement.

The current highest denomination bank note is Z$50,000, not enough to buy
half a loaf of bread. Gono said the RBZ intends to introduce Z$100,000,
Z$500,000 and Z$1 million (about U.S.$8) bank notes in a bid to help consumers
who are battling to make simple purchases and to ease cash shortages that have
been prevailing for about two years.

[moo321]

maybe they could just not inflate the currency by printing more...