As the economy continues to fall in Zimbabwe, the Reserve Bank in the country looks sets to take off some more zeros from the local currency. Just last week, a new $100 billion note was released to help ease the current cash shortages in Zimbabwe. Currently, one person is allowed to withdraw a maximum of $100 billion a day. Now looking at it in real terms, the value of that $100 billion note is approximately worth R10.

A couple of years ago, three zero’s were slashed off the Zimbabwe currency and it looks set that a few more are going to be taken off shortly with some asking for as many as nine zeros to be taken off. Zimbabweans had gotten used to dealing in trillions and billions. Some did not even know that a term called quadrillion existed, but that is what you can expect to hear now if you want to buy a house in Zimbabwe.

There have also been calls for a new currency to be released in Zimbabwe so they can get rid of all these zeros. This may not be the best time to release a new currency. Rather wait until there is some political stability in the country which will hopefully in turn lead to a more stable economy without run away inflation.

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