16-01-2009, 05:05 PM
http://uk.news.yahoo.com/5/20090116/twl-...d0ae9.html
Zim's New 100 Trillion Dollar Note
Friday, January 16 03:36 pm
Sky News
Zimbabwe is set to introduce a Z$100 trillion note as hyperinflation continues to run rampant, according to state media. Skip related content
Last week the country's central bank began circulating Z$10, Z$20 and Z$50 billion notes - but they are no longer sufficient.
A political deadlock between President Robert Mugabe and opposition leader Morgan Tsvangirai over power-sharing has done little to help Zimbabwe's failing economy.
The country is also in the grip of a cholera epidemic with food and petrol prices doubling every day.
Zimbabweans often have to line up for hours outside banks to withdraw barely enough cash to buy a loaf of bread.
An official estimate put inflation at 231,000,000% in July - but some experts now believe it is much higher.
In addition to the Z$100 trillion note, the Reserve Bank of Zimbabwe plans to launch Z$10 trillion, Z$20 trillion and Z$50 trillion notes, the Herald newspaper reported.
But new bank notes issued in the past have done little to help the spiralling cost of living.
Many blame the dire state of the economy on mismanagement by Mr Mugabe's government.
Zimbabwe's agriculture industry has fallen into disrepair after the seizure and redistribution of thousands of white-owned farms.
But the veteran leader, in power since independence from Britain in 1980, says Western sanctions are the main cause of the economic crisis and worsening humanitarian picture.
Power-sharing talks are deadlocked over the control of important government ministries.
Mr Mugabe and Mr Tsvangirai are set to hold negotiations next week with key regional leaders in a bid to salvage the four-month-old unity accord.
Meanwhile, the most recent death toll from the cholera outbreak has risen to 2,201, according to the UN.
The organisation says nearly 42,000 people are now affected - with more 1,550 new cases reported every day.
Zim's New 100 Trillion Dollar Note
Friday, January 16 03:36 pm
Sky News
Zimbabwe is set to introduce a Z$100 trillion note as hyperinflation continues to run rampant, according to state media. Skip related content
Last week the country's central bank began circulating Z$10, Z$20 and Z$50 billion notes - but they are no longer sufficient.
A political deadlock between President Robert Mugabe and opposition leader Morgan Tsvangirai over power-sharing has done little to help Zimbabwe's failing economy.
The country is also in the grip of a cholera epidemic with food and petrol prices doubling every day.
Zimbabweans often have to line up for hours outside banks to withdraw barely enough cash to buy a loaf of bread.
An official estimate put inflation at 231,000,000% in July - but some experts now believe it is much higher.
In addition to the Z$100 trillion note, the Reserve Bank of Zimbabwe plans to launch Z$10 trillion, Z$20 trillion and Z$50 trillion notes, the Herald newspaper reported.
But new bank notes issued in the past have done little to help the spiralling cost of living.
Many blame the dire state of the economy on mismanagement by Mr Mugabe's government.
Zimbabwe's agriculture industry has fallen into disrepair after the seizure and redistribution of thousands of white-owned farms.
But the veteran leader, in power since independence from Britain in 1980, says Western sanctions are the main cause of the economic crisis and worsening humanitarian picture.
Power-sharing talks are deadlocked over the control of important government ministries.
Mr Mugabe and Mr Tsvangirai are set to hold negotiations next week with key regional leaders in a bid to salvage the four-month-old unity accord.
Meanwhile, the most recent death toll from the cholera outbreak has risen to 2,201, according to the UN.
The organisation says nearly 42,000 people are now affected - with more 1,550 new cases reported every day.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14