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Zimbabwe 100 Trillion Dollar 2008 uncirculated AA pre-fix-worlds largest denomination banknote X 1
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Indicative market price: R250
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29 Aug 14 14:01
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Discreet itemCondition:
New
Location:
South Africa
Product code:
ZIMbabwe100trill$1X BANKNOTE
Bob Shop ID:
158624649
one x zimbabwe 100 trillion dollars banknote uncirculated
serial number will be different
ZIMBABWE, HARARE ISSUE 2008
100,000,000,000,000 (100 Trillion) Inflation Banknote
Uncirculated-Crisp-No Bends-No Folds
Largest Denomination Banknote In History
Zimbabwe Inflation is the Worlds Record Holder with a 100 Trillion Banknote Showing 14 Zeros.
Inflation Rate was 65 followed by 107 Zeros in 2008
This most recent example of record-breaking hyperinflation has occurred in Zimbabwe, which has seen its economy collapse rapidly in recent years under the rule of Robert Mugabe—reaching a peak in the months leading up to February of 2009. This record-breaking, 100 trillion dollar banknote was released in January of 2009 and shows an amazing 14 zeros!
Professor Hanke of Johns Hopkins Economics Department calculated that the 2008 inflation rate for the Zimbabwe dollar was 6.5 quindecillion novemdecillion percent or 65 followed by 107 zeros–approximately a halving of the value of the currency every day.
This banknote was the result of the peak of that inflation. It is an example of classic "hyperinflation"–one of the worst ever in history. How did this occur? The definition of hyperinflation used by most economists is an inflationary cycle without any tendency toward equilibrium. A vicious circle occurs where more and more inflation is created with each new cycle. Like all hyperinflation of the past, this one began when there was an unchecked printing of money accompanied by the widespread unwillingness to hold the money for more than the time needed to trade it for something tangible to avoid further loss.
This high quality 100 trillion dollar Zimbabwe banknote, dated 2008, was first released on January 16, 2009 by the Reserve Bank of Zimbabwe in Harare. It features a number of high tech security features and shows images of the famous Epworth Balancing Rocks, as well as other iconic images depicting Victoria Falls and a water buffalo. This note was printed in relatively small quantities and in use for only a few weeks before becoming obsolete, at which time they were removed from circulation and replaced by a new currency. In February 2009 the newest currency was issued with bills from 1 dollar to 500 dollars. If the Zimbabwe government had kept its original 2006 dollar, in February 2009 they would have been using septillions: 1 with 24 zeros. To avoid the impracticality of all these zeros, new banknotes representing new currency valuations with fewer zeros were needed periodically. Each successive issue showed a worsening of the inflation
ACTUAL SIZE: 148 x 74mm |
OBVERSE: SECURITY STRIP AT CENTER LEFT, ROCK FORMATION AT CENTER RIGHT, COW AT RIGHT, BIRD AT LOWER RIGHT |
REVERSE: WATERFALL AT CENTER LEFT, WATER BUFFALO AT RIGHT |
DESCRIPTION: RESERVE BANK OF ZIMBABWE, HARARE 2008 ISSUE |
different serial number available
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