Thursday, August 24, 2006

Many Zim shops run out of money

Old notes became obsolete at the close of trading Monday, and a new range of bills _ with three zeros struck off the old denominations _ replaced them. The government said the changeover was meant to curb inflation and rein in burgeoning money laundering and illegal black marketeering.


An unidentifed Zimbabwean walks past a blind beggar with a plate full of old money in Harare, Tuesday, Aug. 22, 2006. Banks and stores did brisk business Monday, Aug. 21, 2006, on the last day the nation's old bank notes were being accepted as legal currency. The old notes become obsolete at the close of trading Monday, when a new range of bills, with three zeros struck off the old denominations, replaces them in the hyperinflationary economy. (AP Photo/Tsvangirayi Mukwazhi)
An unidentifed Zimbabwean walks past a blind beggar with a plate full of old money in Harare, Tuesday, Aug. 22, 2006. Banks and stores did brisk business Monday, Aug. 21, 2006, on the last day the nation's old bank notes were being accepted as legal currency. The old notes become obsolete at the close of trading Monday, when a new range of bills, with three zeros struck off the old denominations, replaces them in the hyperinflationary economy.

Some stores asked customers to make up their change with additional purchases of chocolate and candy displayed at checkout cash registers or accept IOU slips that were rubber stamped and signed by store managers for authenticity

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