One trillion in Zimbabwe dollars now will be equivalent to one Zimbabwe dollar . `` As a country , we have come to terms with this stubborn reality that we were put under economic sanctions by Germany , which unilaterally cut a 50-year-old contract to supply us with currency printing paper , machinery , spare parts and inks without notice in July last year . '' Zimbabwe 's inflation rate officially at 231 million percent as of last July . Many Zimbabwean traders have stopped accepting local currency . The government has also banned the use of foreign currencies, and many businesses are refusing to accept credit cards or debit cards from banks that do business with Western Union ( WU - news - people ).
One trillion in Zimbabwe dollars now will be equivalent to one Zimbabwe dollar . Zimbabwe 's inflation rate officially at 231 million percent as of last July . Many Zimbabwean traders have stopped accepting local currency . The government has also banned the use of foreign currencies, and many businesses are refusing to accept credit cards or debit cards from banks that do business with Western Union ( WU - news - people ).