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Zimbabwe introduces 100-billion-dollar note

Who wants to be a billionaire? Just go to Zimbabwe...

HARARE - Zimbabwe, grappling with a record 2.2 million percent inflation, has introduced a new 100-billion-dollar bank note in a bid to tackle rampant cash shortages, the central bank said Saturday.

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Saudi Arabia

Amid oil boom, inflation makes Saudis feel poorer

By DONNA ABU-NASR, Associated Press Writer

RIYADH, Saudi Arabia - Sultan al-Mazeen recently stopped at a gas station to fill up his SUV, paying 45 cents a gallon — about one-tenth what Americans pay these days.

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Uganda Economy

Uganda inflation targets crushed by fuel price rise

By Wolfgang H. Thome

KAMPALA, Uganda (eTN) - The fast rise in recent weeks of all types of fuel, combined with a shortage of diesel, which is gradually now easing again in the region following a major delivery to the port of Mombasa, has driven inflation to new levels.

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