2007-09-02 09:41:34 · 2 answers · asked by gleders 2 in Business & Finance ➔ Personal Finance
Probably a country with very high inflation like Zimbabwe.
Zimbabwe has no circulating coins. Since 1 August 2006, Zimbabwe has issued banknotes in the denominations of 1,5,10, and 50 cents, $1, $5, $10, $50, $100, $500, $1000, $5000, two types of $10,000, $50000, two types of $100000, and $200000.
Zimbabwe $200000 is approximately US$1 on the parallel market. Obviously, most of the smaller denominations are no longer circulating due to their miniscule value. Inflation in Zimbabwe is currently running at 7300% (That means an item that costs $1 today will cost $73 a year from now).
2007-09-05 15:01:28 · answer #1 · answered by F. Frederick Skitty 7 · 0⤊ 0⤋
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2007-09-04 23:06:40 · answer #2 · answered by lewis Daniels 2 · 0⤊ 1⤋