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Hyperinflation in Zimbabwe
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The economy of Zimbabwe has been undergoing hyperinflation since February 2007, according to Cagan's definition of hyperinflation. During the height of inflation from 2008 to 2009, it was difficult to
Zimbabwean banknotes ranging from 10 dollars to 100 billion dollars printed within a one-year period. The magnitude of the currency scalars signifies
Zimbabwean banknotes ranging from 10 dollars to 100 billion dollars printed within a one-year period. The magnitude of the currency scalars signifies the extent of the hyperinflation.
The largest denomination of a Zimbabwean banknote (Z$100,000,000,000,000, 1×1014, or 100 trillion)
The largest denomination of a Zimbabwean banknote (Z$100,000,000,000,000, 1×1014, or 100 trillion)
Selection of 16 original uncirculated Zimbabwe notes ranging in denomination from 1 dollar to 100 trillion dollars. They are all signed by G Gono, the
Selection of 16 original uncirculated Zimbabwe notes ranging in denomination from 1 dollar to 100 trillion dollars. They are all signed by G Gono, the Governor of the Reserve Bank of Zimbabwe, in the period 2007 to 2008, who promises "to pay the bearer on demand". In 2007 Gideon Gono gained a PhD in Strategic Management from the Atlantic International University.
US banknotes, collected in Zimbabwe in 2015. Used as local currency. On display at the British Museum in London
US banknotes, collected in Zimbabwe in 2015. Used as local currency. On display at the British Museum in London
Hyperinflation
Videos
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to min
Hyperinflation in Zimbabwe
…The economy of Zimbabwe has been undergoing hyperinflation since February 2007, according to Cagan's definition of hyperinflation. During the height of inflation from 2008 to 2009, it was difficult to measure…
100 quintillion (1020) pengő, the largest denomination bill ever issued, Hungary, 1946. 1 sextillion pengő notes were printed but never issued.
100 quintillion (1020) pengő, the largest denomination bill ever issued, Hungary, 1946. 1 sextillion pengő notes were printed but never issued.
The price of gold in Germany, 1 January 1918 – 30 November 1923. (The vertical scale is logarithmic.)
The price of gold in Germany, 1 January 1918 – 30 November 1923. (The vertical scale is logarithmic.)
Germany, 1923: banknotes had lost so much value that they were used as wallpaper.
Germany, 1923: banknotes had lost so much value that they were used as wallpaper.