Zimbabwe - inflation hits 15 000 000% and new currency

Just a couple of weeks after Zimbabwe introduced the 100 billion $ note, and have of course failed to tame inflation, they have decided to reevaluate their currency by 100 billion.

BBC carries two interesting articles with video footage (hidden cameras for security reasons) about what is going on in Zimbabwe.

These are definitely worth reading/watching:

• Could inflation fell Mugabe?
• Zimbabwe to revalue its currency

What does a 15 000 000% mean?

The new Z$100bn (under $2, £1) note introduced last week is not enough to buy a loaf of bread.

A BBC reporter in Harare said that on the day he recently went shopping, a tray of 24 eggs went up from Z$375bn to Z$600bn.