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Southern Africa, Financial Timeline Monday, September 1     Author
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$100 billion banknotes introduced

World News
    Southern Africa (236)
        Business (25)
            Financial

                2007 (4)
                2002 (2)

                   Zimbabwe (9)

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Zimbabwe knocking 10 zeros off currency
Jul.30
  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
Mar.12 Embattled Mugabe boosts workers' pay  Zimbabwe: President, battling skyrocketing inflation, has announced 'a huge salary increase' for his nation's government workers Feb.1 Inflation tops 24,000%, officially  Zimbabwe: Zimbabwe's central bank has revealed that its annual inflation has climbed to the highest in the world. Independent estimates of 150,000% Rogue trader to cost SocGen $7bn

year 2007 Top ^

Dec.24 Hours-long lines to get scarce currency
  Zimbabwe: Thousands of Zimbabweans waited for hours to get currency from the banks so they could buy food and board buses for Christmas trips
Jul.31 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 Bulk buy ban amid frenzy
  Zimbabwe: Authorities ordered businesses to stop selling basic goods in bulk to avert shortages after an price freeze triggered a frenzied buying spree
Jun.22   Mugabe faces pressure on currency
  Zimbabwe: Zimbabwe's currency plunged to new depths as the U.S. ambassador predicted galloping inflation will force Mugabe from office

year 2002 Top ^

Aug.7   $34m EU aid package  Zimbabwe: Aid package is for famine-stricken Zimbabwe. EU is warning Mugabe against interfering with its distribution Euro mark celebrations



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