Zimbabwe issues $10 million note that want buy a burger

Daily Mail:

Forget the glitzy restaurants of New York and London: only in Zimbabwe would a hamburger actually cost millions of dollars.

The central bank of the southern African country has announced that tomorrow it will issue a 10million Zimbabwe dollars note. The move increases the denomination of the nation's highest bank note more than tenfold.

Even so, a hamburger in an ordinary cafe in Zimbabwe costs 15 million Zimbabwe dollars.

The hope is that such a move will help end chronic cash shortages and disperse long, chaotic lines at banks and automated teller machines.

Reserve Bank Governor Gideon Gono said in a statement 10 million Zimbabwe dollars notes will be issued tomorrow along with 1 million and 5 million Zimbabwe dollars bills.

The highest existing note, introduced last month, is for 750,000 Zimbabwe dollars.

...

The new note is worth about $5 in US currency on the black market. It appears that even in US currency the burger is over priced, but the problem is the shortage of both meat and bread caused by the nutty policies of Mugabe. I hope Hugo Chavez is taking notes on how to really screw up a country.

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