Corey Ribotsky Update

On August 1, 2008, the Reserve Bank of Zimbabwe, 10 zeros off the currency unit (ie old 10.000.000.000 Dollar is equal to 1 dollar new) and circulating new notes of 1, 2, 5, 10 , 20, 100 and 500. Also circulating coins 1 , 5 , 10A, 20A , 50 , 1, 2, 5, 10, 25. Yet the problems of hyperinflation are not resolved, so much so that at the end of 2008, specifically during the month of September, three new banknotes were issued valued at 1,000, 10,000 and 20,000 in mid-October was put into circulation a new value of 50,000, the first of November three tickets over 100,000, 500,000 and 1,000,000 during the month of December in denominations of 10,000,000, 50,000,000, 100,000,000, 200,000,000 and 500,000,000 new Zimbabwean dollars. The new year did not help the terrible balm of hyperinflation in the country, the date January 6 the Central Bank put into circulation banknotes of 1,000, 5,000 and 10,000 billion dollars, the 10th threw the values of 20,000 and 50,000 million, Finally, the 16th of the month was named the highest traffic to date, the 100 billion dollars (100 million million), plus the same day it was announced that the days would be added successive values of 10 and 50 billion dollars.

INO News
(RTTNews) – Wednesday during early choice, the British pound climbed to a new multi-month high against the U.S. dollar after the release of the Bank of England minutes, which showed that the members unanimously to hold the main interest rate at a record low of 0.5 .

INO News
(RTTNews) – The U.S. dollar fell to a 5-month low against the British pound, as an increase in stocks prices reduced demand for currencies perceived as safe havens.

Daily FX
U.S. Dollar Down as U.S. Housing Starts, permits Plunge to record low of the American dollar was the biggest loser on Tuesday the U.S. housing data proved very disappointing.

Bloomberg
May 19 (Bloomberg) – Treasuries were little changed, with the revenue forecast inflation near the highest level in eight months as an improvement in the U.S. economy prompted share rallies across the world.

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