Simbabwe

[Schneemann]

Zimbabwe removes 12 zeroes from currency

HARARE, Zimbabwe (CNN) -- Zimbabwe slashed 12 zeroes from its currency as hyperinflation continued to erode its value, the country's central bank announced Monday.

"Even in the face of current economic and political challenges confronting the economy, the Zimbabwe dollar ought to and must remain the nation's currency, so as to safeguard our national identity and sovereignty. ... Our national currency is a fundamental economic pillar of our sovereignty," said Gideon Gono, governor of the Reserve Bank of Zimbabwe.

Link: <!-- m --><a class="postlink" href="http://www.cnn.com/2009/WORLD/africa/02/02/zimbabwe.dollars/index.html">http://www.cnn.com/2009/WORLD/africa/02 ... index.html</a><!-- m -->

Schneemann.