The Most Popular Zimbabwe Currency. Become a Trillionaire 5 times over! $100,000,000,000,000
Released in 2008, just months before Zimbabwe abandoned their currency, these notes are becoming increasingly scarce collectibles because of their insane popularity due to hyperinflation
Buy this very hot collectible today before they are all gone
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|Amount:||100 Trillion Dollars|
Straight from Wiki - At independence in 1980, the Zimbabwe dollar became the common currency. Originally, the paper notes were Z$20, 10, 5, and 2, and the coins were Z$1, and 50, 20, 10, 5, and 1 cents. As larger bills were needed to pay for menial amounts, the Central Bank of Zimbabwe planned to print and circulate denominations of up to Z$10, 20, 50, and 100 trillion. Announcements of new denominations were increasingly frequent; the Z$200,000,000 bill was announced just days after the printing of the Z$100,000,000 bills.
The government did not attempt to fight inflation with fiscal and monetary policy. In 2006, before hyperinflation reached its peak, the bank announced it would print larger bills to buy foreign currencies. The Reserve Bank printed a Z$21 trillion bill to pay off debts owed to the International Monetary Fund
On three occasions, the Central Bank of Zimbabwe redenominated the currency. First, in August 2006, the Central Bank recalled notes in exchange for new notes with three zeros slashed from the currency. In July 2008, the governor of the Reserve Bank of Zimbabwe, Gideon Gono, announced a new Zimbabwean dollar, this time with 10 zeros removed. The Z$10 billion would be redenominated to be Z$1. This move was not just to slow inflation but also to make computations more manageable.
A third redenomination, producing the "fourth Zimbabwe dollar," occurred in February 2009, and dropped 12 more zeros from the currency. It was thus worth 10 trillion trillion original dollars, as the three redenominations together reduced the value of an original dollar by 103 × 1010 × 1012 = 1025. Computers could not handle the amount of zeros such that other forms of money had to be used to act as normal money (bearer’s cheques). Banks had to input a lesser amount on the deposit or withdrawal slip then would put a covering statement, such as “multiply by 1000 000 or add 10 zeros to your amount to get the real value”. The same was true for businesses as well and all traders.
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