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$100 billion banknotes introduced

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Zimbabwe knocking 10 zeros off currency
Jul.30   Zimbabwe
  Zimbabwe will knock 10 zeros off the hyper-inflated currency next month, making 10 billion dollars one dollar
Jul.19   Zimbabwe
  Troubled central bank introduced new $100 billion banknotes in a desperate bid to ease the recurrent cash shortages plaguing the economy
May.5   Somalia Two die in currency riot
  Troops killed at least two people in Mogadishu, when they opened fire to halt riots over rising costs and counterfeit money
Mar.12   Zimbabwe Embattled Mugabe boosts workers' pay  President, battling skyrocketing inflation, has announced 'a huge salary increase' for his nation's government workers Feb.1   Zimbabwe Inflation tops 24,000%, officially  Zimbabwe's central bank has revealed that its annual inflation has climbed to the highest in the world. Independent estimates of 150,000%

January 2008 ... more > Top ^

Rogue trader to cost SocGen $7bn

year 2007 Top ^

Dec.24   Zimbabwe Hours-long lines to get scarce currency
  Thousands of Zimbabweans waited for hours to get currency from the banks so they could buy food and board buses for Christmas trips
Nov.12   Liberia IMF ready to cancel Liberia debt  The International Monetary Fund has secured sufficient funding to start cancelling Liberia's debt to the international agency Jul.31   Zimbabwe New inflation warning for Zimbabwe  The IMF said on Tuesday that year-on-year inflation rate could reach over 100,000% by the end of the year Jul.5   Zimbabwe Bulk buy ban amid frenzy
  Authorities ordered businesses to stop selling basic goods in bulk to avert shortages after an price freeze triggered a frenzied buying spree
Jun.22   Zimbabwe   Mugabe faces pressure on currency  Zimbabwe's currency plunged to new depths as the U.S. ambassador predicted galloping inflation will force Mugabe from office

year 2006 Top ^

Jul.12   Ethiopia World Bank resumes aid to Ethiopia  Bank President Wolfowitz called the resumption of aid a sign of improved confidence in the country Jul.6   Cameroon France signs debt-for-nature agreement  France and Cameroon have signed an historic swap to conserve pristine yet threatened rainforest Apr.20   Nigeria Nigeria settles Paris Club debt  Nigeria is becoming the first African nation to settle with its lenders to clear the way for greater spending

year 2005 Top ^

EU leaders agree 7-year budget Sep.8   Zimbabwe IMF to debate Zimbabwe expulsion  International Monetary Fund officials meet to decide whether to expel Zimbabwe because of unpaid debts

year 2002 Top ^

Dec.23   Ethiopia Nestle 'to return' Ethiopia cash  The world's biggest food producer, plans to give any money it receives from a damages claim against Ethiopia Aug.7   Zimbabwe   $34m EU aid package  Aid package is for famine-stricken Zimbabwe. EU is warning Mugabe against interfering with its distribution WorldCom in accounting trouble, cut jobs Euro mark celebrations



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