Word: banking
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...Bank note denominations now run to 75 billion Zimbabwean dollars. A pint of milk, if it can be found at all, can now cost 3 billion dollars, or about 30 U.S. cents...
...society." Asked whether supplying a government widely regarded as despotic with paper for its currency violated that code, the spokesman said Giesecke & Devrient did not involve itself in "political" issues. "The important point is that it's not up to us to rely on political considerations in supplying bank note paper," he said. "We only deliver to central banks, not regimes...
...German company, whose slogan is "creating confidence," supplies central banks and governments in nearly 100 countries with high-security paper for bank notes and other financial instruments. Its 2007 sales were $2.46 billion. In its annual report, the company stated that its bank note business with African countries had been especially successful. Giesecke & Devrient said World Bank regulations prohibited it from revealing details of its contracts with Zimbabwe...
...Citing a bill issued to a Harare printing firm, Munich's Süddeutsche Zeitung reported that in March, Giesecke & Devrient delivered bank note paper worth $856,000 to Zimbabwe. The spokesman would neither confirm nor deny the figure...
...news spread of Betancourt's release in Paris Wednesday night, drivers honked their horns in celebration. Betancourt supporters are planning a major celebration on Thursday night in the square outside city hall on Paris' Right Bank. The huge poster of a vibrant young Betancourt that hung for years on the façade of city hall there was changed last November to a haunting image of a drawn woman with downcast eyes, taken from a proof-of-life video released at that time. In April, fears had mounted that Betancourt, 46, might be near death - supposedly from hepatitis B. French...