The Reserve Bank of Zimbabwe is issuing a 100 trillion Zimbabwe dollar banknote (~USD33) as the country’s hyperinflation continues to worsen…
Republic of Zimbabwe
The Zimbabwean billionaires
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.
