Life has just become a little easier for Zimbabweans. Now they need only two banknotes, instead of at least 20, to buy a Z$15 million hamburger at the corner café.
This development stems from the decision of Reserve Bank Governor Gideon Gono, who has launched a highest-denomination note of Z$10 million (about R27) and others of Z$5 million and Z$1 million. The aim is to end a chronic cash shortage and long queues at banks and ATMs.
How long before these economic policy’s find themselves a new home in south africa?
Whether this effort will succeed remains to be seen. But at least every Zimbabwean is now a millionaire.
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