The Zimbabwean Central Bank has introduced a new Z$500,000,000 bank note on May 15 in a bid to tackle cash shortages because of the rampant inflation.
That’s half-a-billion Zimbabwean dollars bank note, which sadly converts to only about USD2… being a billionaire in Zimbabwe means nothing much at all.
Zimbabwe is facing hyperinflation since 2004, with their annual inflation rate skyrocketing to 165,000% in February 2008… by far the highest in the world (2nd placed Iraq has an estimated inflation of 60%).
You can read more about the history of the Zimbabwean dollars via Wikipedia, but be prepared to be bombarded by all the extravagant numbers.
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100 trillion Zimbabwean dollar note
thats insane!!! i need to learn my maths again :p
that’s crazy.
so much zeros, but actully so worthless.
[...] Dong is the second least value currency behind Zimbabwean dollars. The face value of Dongs started rising since late 80s because of inflation; in 1985 the largest [...]
i live here 1000 000 000 dollar notes are about
mug