News: Zimbabwe flies in plane loads of money

With inflation topping 100,000% and the highest value 10 million Zimbabwe dollar note worth just US$0.50, planeloads of banknotes are flying into Harare almost every day to keep up with the demand. The Munich company Giesecke & Devrient is receiving more than €500,000 (£382,000) a week for delivering bank notes at the rate of Z$170 trillion a week.

“The regime is surviving by printing money,” said Martin Rupiya, professor of war and security studies at the University of Zimbabwe. “At this stage there is no other way.” (full)

Picture courtesy goeasymoney.com (how appropriate!)