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January 18, 2008
Want A 10 Million Dollar Bill to Stuff in Your Pocket?
It will only cost you $4 U.S. dollars, if you go to Zimbabwe. Inflation has gotten so bad in Zimbabwe's teetering economy that the government is planning on issuing a 10-million dollar bill. On the "black" market (in this case, the free market), this note would be worth the equivalent of $4 U.S.
Officially, inflation is estimated at 25,000%, while many independent observers estimate the actual rate to be 150,000%.
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