Mises Wire
Author:
Justin M. Ptak
Online Publish Date:
ZIMBABWE’S tough-talking central bank chief Gideon Gono unveiled three new banknotes yesterday in the clearest sign yet that he is losing the battle against skyrocketing inflation. In a live TV broadcast, Dr Gono said he was introducing a Z$250,000 note, a Z$500,000 note and a Z$750,000 note. None of them is enough to buy a single loaf of bread.