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Quadrillions In Zimbabwe's Local Currency Worth Five U.S.
Published : 12-06-2015 - Duration : 00:57 - View : 35
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In an effort to permanently phase out its national money system and establish a new one largely based on American currency, the Zimbabwean government has offered $5 U.S. dollars in exchange for 175 quadrillion local dollars.
Zimbabwe has decided to phase out its currency which was made virtually worthless after the country’s severe bout of hyperinflation.Â
As a result, the citizens can exchange 175,000 trillion Zimbabwean dollars for 5 U.S. dollars.
The multiple-currency structure has largely been in place since 2009 after problems reached their peak, and the dissolu
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