The ZimDollar Sextillion Looms…

Yesterday, the Zimbabwe Stock Exchange shot up in value of capitalisation by 122.18%! According to Zfn “Today’s 122.18% gain beat the market’s all time record set on June 6 when it jumped by 119.8%.”

The ZSE is now capitalised at Z$497.7 quintillion almost half of a sextillion (21 zeros), from Z$222.8 quintillion .

The same Zfn report said that the ZimDollar hit an all time low on the street, with dealers offering as much as $26 bln:US$1 while the best paying bank Agribank was offering $12.503 bln.

The Industrials’ year-to-date gain is now up by 1 991 479 mln% while the Minings is up by 1 906 909 mln%, said the report.

Written by fungaijames on July 1st, 2008 with no comments.
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