Zimbabwe will drop 10 zeros from its hyper-inflated currency -- turning 10 billion dollars into one -- the country's reserve bank said Wednesday.Besides the problem of adjusting the amounts to compensate for the inflation that occurred since the beginning of the ATM transaction.
On Wednesday, central bank governor Gideon Gono announced he was dropping 10 zeros from the currency, effective Friday. That comes a week after he introduced a 100 billion-dollar note which was not enough to buy a loaf of bread . . .
Computers, electronic calculators and automated teller machines at Zimbabwe's banks cannot handle basic transactions in billions and trillions of dollars . . .
Update: Irony alert--"Zimbabwean banknotes with face values of up to 100 billion dollars are changing hands on eBay for hundreds of times their actual worth."