New exchange rate is $1 for 35,000,000,000,000,000 old dollars Zimbabweans will start exchanging "quadrillions" of local dollars for a few US dollars next week as President Robert Mugabe's government discards its virtually worthless national currency. The southern African country started using foreign currencies including the US dollar and South African rand in 2009 after the Zimbabwean dollar was ruined by hyperinflation, which hit 500bn% in 2008.
New exchange rate is $1 for 35,000,000,000,000,000 old dollars Zimbabweans will start exchanging "quadrillions" of local dollars for a few US dollars next week as President Robert Mugabe's government discards its virtually worthless national currency. The southern African country started using foreign currencies including the US dollar and South African rand in 2009 after the Zimbabwean dollar was ruined by hyperinflation, which hit 500bn% in 2008.
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