Zimbabwe's central bank has revalued its dollar again, cutting another 12 zeros off its currency in a bid to tame hyperinflation and avert economic collapse.
Reserve Bank of Zimbabwe Governor Gideon Gono said: "This Monetary Policy Statement unveils yet another necessary programme of revaluing our local currency, through the removal of 12 zeroes, with immediate effect."
Mr Gono gave no updated inflation figures but said broad money supply growth rose from 81,000 per cent in January to 658 billion per cent in December.
The last time inflation was officially recorded in mid-2008 it had soared to 231 million per cent.
Some goldbugs claim it's now at a rate of several hundred quintillion percent.
Cross-posted over at The Economic Way of Thinking.