Zimbabwe, formerly known as Rhodesia and once one of the richest countries in Africa, is undergoing a complete political and economic meltdown under the misrule of Robert Mugabe. He has clung onto power despite losing the election in March, 2008, thus worsening the political and economic crises. Despite the government "outlawing inflation" (which is about as effective as outlawing the tides from rising), prices soared out of control. Inflation reached an estimated 231 million percent per year in 2008, the highest ever in history. Rather than attempting to solve the problem the government just kept printing money. There was a severe shortage of everything, except freshly printed bills. The Zimbabwe Dollar has undergone three major revaluations. Inflation was stopped however until the government allowed the use of other currencies in early 2009. The Zimbabwe Dollar virtually stopped circulating as the national currency as it was no longer accepted by its citizens. It has been replaced by a mixture of South African Rands. Botswana Pulas and United States Dollars. Though the currencies used were foreign, they provided a stable medium of exchange. Goods again became available in the market place and prices stabilized. We offer two ultra-high denomination notes from Zimbabwe’s recent hyper-inflation. The $50 Billion ($50,000,000,000) note that was released January 12, 2009. It was the highest note in then circulation, but just 4 days later the government released the amazing $100 Trillion ($100,000,000,000,000) note. The $100 Trillion note was needed to pay the army and government workers who by that time were about the only people with money. The $100 Trillion is the highest denomination ever to appear on a banknote. At the time it was released it was worth approximately $36 USD, though within about a month its value had fallen to virtually nothing. The notes were used only briefly. On February 2, 2009 Zimbabwe did a Trillion to 1 currency revaluation and both the notes were replaced. About the same time, Zimbabwe’s citizens were allowed to use and hold use of foreign currencies and the discredited Zimbabwe dollar ceased to be used in most transactions. Both notes picture the Chiremba Balancing Rocks on the front and have two vignettes on the back. Though the notes were not released until January 2009, they are both dated 2008 Both notes are Crisp Uncirculated.
Zimbabwe, formerly known as Rhodesia and once one of the richest countries in Africa, is undergoing a complete political and economic meltdown under the misrule of Robert Mugabe. He has clung onto power despite losing the election in March, 2008, thus worsening the political and economic crises. Despite the government "outlawing inflation" (which is about as effective as outlawing the tides from rising), prices soared out of control. Inflation reached an estimated 231 million percent per year in 2008, the highest ever in history. Rather than attempting to solve the problem the government just kept printing money. There was a severe shortage of everything, except freshly printed bills. The Zimbabwe Dollar has undergone three major revaluations. Inflation was stopped however until the government allowed the use of other currencies in early 2009. The Zimbabwe Dollar virtually stopped circulating as the national currency as it was no longer accepted by its citizens. It has been replaced by a mixture of South African Rands. Botswana Pulas and United States Dollars. Though the currencies used were foreign, they provided a stable medium of exchange. Goods again became available in the market place and prices stabilized. We offer two ultra-high denomination notes from Zimbabwe’s recent hyper-inflation. The $50 Billion ($50,000,000,000) note that was released January 12, 2009. It was the highest note in then circulation, but just 4 days later the government released the amazing $100 Trillion ($100,000,000,000,000) note. The $100 Trillion note was needed to pay the army and government workers who by that time were about the only people with money. The $100 Trillion is the highest denomination ever to appear on a banknote. At the time it was released it was worth approximately $36 USD, though within about a month its value had fallen to virtually nothing. The notes were used only briefly. On February 2, 2009 Zimbabwe did a Trillion to 1 currency revaluation and both the notes were replaced. About the same time, Zimbabwe’s citizens were allowed to use and hold use of foreign currencies and the discredited Zimbabwe dollar ceased to be used in most transactions. Both notes picture the Chiremba Balancing Rocks on the front and have two vignettes on the back. Though the notes were not released until January 2009, they are both dated 2008 Both notes are Crisp Uncirculated.
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