In August 2006, the central bank issued a $5 note. A $500,000 note followed a year later. On 2 May 2008, a $500m banknote hit the streets but was swiftly near worthless, and $5bn, $25bn and $50bn notes followed just a fortnight later.It seems that today (July 23, 2008) a $100bn note is worth 7p (0.14 $US). It would be interesting (and sad) to see what it will be worth in just a few days.
But wait, there's more... the government has put a $100bn/day limit on bank withdrawals for civilians, which can buy ~1/2 a loaf of bread. On the other hand, soldiers can withdraw up $1.5tn/day, 15 times as much. Certainly doesn't smell like a military dictatorship...
[via Guardian]
No comments:
Post a Comment