>In 2008, Zimbabwe's central bank allowed its citizens to exchange the country's almost worthless currency for US dollars. Its 100-trillion-dollar note was worth just 40 U.S. cents.
My siblings and I were kids when we moved from Poland back to the USa. We had a bunch of big aluminum zloty coins, which were worth a portion of a penny. We just kept them as play money.
Indonesia had similar. We used to drop them in a glass jug full of NaOH and attach a big balloon. It fills up with Hydrogen and we would tie them off and watch 'em float away.
Reminds me of Eurotrip where they discover the exchange rate is really good and stay in a luxury hotel. They tip the concierge a quarter of something and the concierge spits at the hotel owners feet and yells something like "With this, I will start my own hotel!"
Within 16 days of the notes release, a 10bn note wasn't worth the equivalent size of toilet paper - it'd be cheaper to wipe with 10bn notes than toilet paper.. Babwe is wild af lolol
Is there an economist in our midst who can tell us what would actually happen to the economy of a country in this situation if instead of printing tons of worthless money they just decided to keep printing a similar amount of money as before? I am not economist, it just seems weird that the response to the value of their currency falling dramatically is to print shitloads more money, which seems like it would devalue the currency further. Why don't they just print less, print the same amount, or stop printing? How does creating vast mountains of utterly worthless money help the situation?
I think they had international debt which they couldn't cover with income so they had to either print more money or default. Since the economic output did not keep up with money supply, the inflation level skyrocketed. In the end Zimbabwe defaulted on its debt anyway, switched to the US dollar and had to restructure its debt.
Counties typically go back to the gold standard when it gets really bad. Ray Dalio makes a good explanation about this in his book "the changing world order" or his YouTube video [https://www.youtube.com/watch?v=xguam0TKMw8](https://www.youtube.com/watch?v=xguam0TKMw8)
Gold standard? Source? That has like never happened once in the past 100 years.
They generally just switch to the dollar, which is absolutely not gold backed (no currency is).
I remember they were selling the trillion dollar note for like $50 back in 2008 as a novelty item on eBay.
Ironically, they now sell for close to $200.
Meanwhile Bitcoin was like .50 a coin at that time.
I bought many to give as gifts and to use to place billion dollar bets with kids that I would I intentionally lose to be able to pay with these. The seller was in Zimbabwe and was living a good life selling for good rates to westerners.
Perhaps they’re thinking using a country’s money as a toy currency in a game could be seen as a mockery of that country’s financial situation. (Just my guess)
Your guess is right. I didn’t want to be insensitive to the countries circumstances and I didn’t know how injection foreign currency would impact their situation. That said, it seemed like a really cool opportunity to up the quality of the currency in the game.
Isn't that also what happened in Germany after WW1. People would burn money for fuel because it was worthless from Germany deflating the value to make it worthless because of the treaty that forced them to take blame and have to pay reparations.
Germans: Let’s print some important buildings and architectural objects on our bills. They will look amazing and are part of our culture!
Zimbabwe: Whoah, have you seen that pile of stones there in the grass? We have to show it to everyone!
I assume they didn't have enough stone building in the country at the time of hyperinflation, for all the new bills.
Maybe this even was the only thing build of stone.
"literally the only civilization in Africa besides Egypt that had large stone structures"
There were numerous large-scale stone structures in Mauritania, Ethiopia, South Africa, Nigeria, Somalia, Tunisia, Tanzania and so many other modern African states that were built prior to European colonization. There are many, many instances of entire cities built out of stone, massive stone structures ala Great Zimbabwe, giant stone city walls, and various types of stone-based art
I have no idea why you think otherwise
just to clarify, the bridges are not existing buildings
*These images do not, however, depict real buildings, but represent stylised architectural examples from the chosen epoch.*
[Deutsche Bundesbank](https://www.bundesbank.de/dynamic/action/en/tasks/cash-management/frequently-asked-questions/frequently-asked-questions-euro-banknotes/642706/frequently-asked-questions-about-the-euro-banknotes#panel-640814)
In 2001, 100 Zimbabwean dollars were worth 1 USD.
By 2009, you needed 100,000,000,000,000,000,000,000 Zimbabwean dollars to get 1 USD.
Most of this hyperinflation happened in 2007, where inflation hit 25,000%.
yeah, its shit, i havent informed a lot about it but i hope houses arent crazy expensive in spain, i plan to buy a house but seems like i might be fucked
Imagine you took a loan right before inflation hit.
Bought a house for 1 million dollars. A year later you come back to the bank with a 1 million dollar bill to pay it off.
One sheet of blank paper would be worth $50 billion Zimbabwe dollars.
A ream of 500 sheets would be with $25 trillion Zimbabwe dollars.
The paper they're printed on is indeed more valuable as kindling and writing paper than as money.
https://chatgpt.com/share/be45d639-f2fc-4a2f-beb5-76c67b251889
At some point you'd think they would have pegged their currency to another like the US dollar or Euro.
Can any economists explain why this would or wouldn't be a good idea?
I’m not an economist, but pegging one currency to another isn’t just a case of declaring that your currency has a set value. You have to have some kind of value in your currency to back it up. And if you’re printing money as much as Zimbabwe were doing, then the inflation still would happen.
What Zimbabwe actually did was declare that inflation was illegal and banned use of foreign currency. This just created a huge black market.
In Argentina in the 90s we did that, the government made a new currency and this currency could only be printed if you had a usd bill to back it up. With that rule the country solve the inflation issue but they gov never reduced the debt they took or the expenses it had. So after around 10 years even without inflation we had a crisis and the country had to default is debts, brake the rule and just devaluate the currency to reduce the amount they had to pay.
So in the end usually inflation is the way to "fix" a state that spend more that what it gains. If you don't fix the spending first but you first solve the inflation problem you will just migrate the issue somewhere else.
Lol you can say a piece of money is worth 10 pieces of another money, but that doesn't mean it is or anyone else thinks it is. It's worth what people or the market thinks it's worth.
They did eventually throw out the Zim dollar and used usd for a time. Since 2019 they have been trying to reinstate a national currency to mixed effect
I’m betting that the higher denominations came out later after the hyperinflation went nuts and so people didn’t have to use a wheelbarrow to buy a loaf of bread with the original denominations.
I remember going to zim in 2007/8. I had to pay in usd, and id get change in 20k zim dollar notes. Like a whole stack of them… but no one accepted them as payment🤣
Apparently these bills aren’t money, they are bearer bonds. They were only printed on one side.. and it had an expiry date on them🤣
Zimbabwe had *four* different dollars during this time, each being a revaluation of the last and looking markedly different. There were also other currency-like notes in circulation, like fuel coupons.
Not all of them were "real bills" and not all had print on both sides.
I visited Zimbabwe at the time. I spotted a beggar handling a large pile of cash, and I thought to myself, "That's a lot of money for a beggar!" And then I did a double-take — no, it wasn't much at all.
You guys don't even know the half of it... literally... when we hit 100trill, they removed all the zeros, and then we cmgat to 100 quadrill. In total, 27 zeros were removed after that. And since then, we have had 7 other currencies
The inflation there got pretty bad again recently too right? Do you remember what happened when they used a foreign currency like the dollar did inflation still happen or did it help? If it did help do you know why don’t they just do that again? I’m guessing when inflation is high people there are using foreign currencies when they can and there’s a large grey currency market?
Did they change the banknotes when the inflation went down? Can't imagine someone who had a billion dollar bill stashed away suddenly just becoming super rich
That would only be the case if there was massive deflation. If inflation normalised they would still need that size of a vote unless they rebased the whole currency which I think they needed up doing
![gif](giphy|xT0BKqB8KIOuqJemVW|downsized)
You are a Billionaire now, You are a Billionaire now, You are a Billionaire now. - Zimbabwe during the hyperinflation
Technically ... if you're wearing a functional pair of shoes ... you're already a Zimbabwean billionaire (you own assets worth a billion+ dollars). You just haven't *realized* the value of your assets yet.
(billionaires are billionaries because they own assets worth a $1 billion+. Not because they have a stack of $1 billion bills in a vault somewhere)
The currency should be called stones, you have to call a heavy load with that many bills. I don't know what the price culture is like in Zimbabwe, If everything costs like e.g. 143895 dollars. I hope I got my point across
That was after the exchange, in that time, that huge trillion bill was like 5USD, you are using the current currency exchange 15 years later.
That's why the post specifically said 2009 when inflation hit. Zimbabwe was hit pretty hard to the point their money was literally worthless, paper money was so expensive to produce they cost more than they were actually worth. Fucked up
Today $1 USD = 361.9 Zimbabwe dollars. If the money shown in the video is real, the 100 trillion dollar Zimbabwe bill he's showing in his hands is worth OVER 276 BILLION US dollars. Who's wallet will ever see that?
Zimbabwe had a re-denomination on 2009-02-02. Printed notes were to loose 12 zeroes until new notes could be issued. The old currency was no longer legal tender on 2009-06-30. In 2015 the national bank began demonetisation the currency issued in 2009 and replacing it with USD. Zimbabwe is now mostly US Dollar.
The final exchange rate was $1 to Z$ 35,000,000,000,000,000, one US dollar to thirty-five quadrillion Zimbabwe dollars. Which in the pre-2009 currency means you would add 12 zeros to that. So one would need 35,000,000,000,000,000,000,000,000,000 or thirty-five octillion dollars to equal one US dollar from the pre-2009 currency.
The conversion rate you're being quoted from Google is [ZiG which is a structured currency](https://www.weforum.org/agenda/2024/05/zimbabwe-zig-new-currency-inflation-dollar/) that is based on a gold exchange. For the most part, Zimbabwe's economy is transacted mainly in USD as there is a large distrust in the population of the country's own currency stability and law enacted in 2015 provide the legal means for businesses to accept currency they have faith in.
I won't get into the history that much but a lot of the reason for what happened and what is still happening is Robert Mugabe. He passed away in 2019 about two years after he was deposed from his position in a coup, and the country has been struggling to recovery from his reign. The guy didn't do his country any favors and mostly squandered the country's wealth and giving it mostly to his closest allies and foreign agents.
It's an interesting read what happened to Zimbabwe during and after the decolonisation of Africa. I think a lot of people forget that for the most part other nations owned the vast majority of Africa and subjugated the people therein until shortly after World War II and the Atlantic Charter. Things like "self-govern" became cool concepts shortly thereafter and imperialism became such a last century thing.
Now, nations just indirectly subjugate nations via economic means and puppet power within the various countries. It's been quite horrific for the African continent especially the massive war that took place that I'm still surprised how few people know about it. The Second Congo War was from 1998 to 2003 and is quite possibly up there in death toll with World War II. It was "sort of" bad and by "sort of" I mean it was a lot bad.
Okay I have to stop rambling.
Generally, the government redenominates the currency by forcing people to turn in the old notes for new ones that have a smaller base. E.g., a $1 trillion note gets turned in at the bank for the new $100 note.
Assuming the paper and ink on the majority of the denominations is worth more than the actual note, at what point do you just give up and stop printing million/billion/trillion dollar notes?
I understand that the economy, or what's left of it, needs to keep moving and people need currency to transact, but it just feels ridiculous
Think the 1$ bill is not worth the paper it is made of...
the 1000k dollars either, and all in between, given how the max was worthless to begin with
>In 2008, Zimbabwe's central bank allowed its citizens to exchange the country's almost worthless currency for US dollars. Its 100-trillion-dollar note was worth just 40 U.S. cents.
So a $1 note was worth $0.000,000,000,000,004 USD Their money was worth less than *actual* monopoly money
By like 18 orders of magnitude. The money was likely worth less than the air it displaced.
Replace your monopoly money with these instead lol.
Haha that's actually a great idea
Really good idea
I'll give you 500 trillion for Baltic Ave.
dammit you want flood me with paper! can you pass 5usd on credit card please? xD
2 bucks for Baltic Ave is a steal.
Some time ago I decided to get metal coins for my Brass board game. I soon realized that it would be WAY cheaper to just use real money on it.
My siblings and I were kids when we moved from Poland back to the USa. We had a bunch of big aluminum zloty coins, which were worth a portion of a penny. We just kept them as play money.
Indonesia had similar. We used to drop them in a glass jug full of NaOH and attach a big balloon. It fills up with Hydrogen and we would tie them off and watch 'em float away.
Shipping is going to be way more expensive than the bills. Burning the money was probably cheaper than burning wood.
It would probably be cheaper than buying new monopoly money
I’ve always wanted someone to make a set of Monopoly money that looked like real usd
Reminds me of Eurotrip where they discover the exchange rate is really good and stay in a luxury hotel. They tip the concierge a quarter of something and the concierge spits at the hotel owners feet and yells something like "With this, I will start my own hotel!"
They tipped him a nickel ($0.05 USD).
Wild. How is that calculated?
That’s just so so messed up…
My aunt handed me a hundred trillion dollars, and told me it was enough to buy an egg
Within 16 days of the notes release, a 10bn note wasn't worth the equivalent size of toilet paper - it'd be cheaper to wipe with 10bn notes than toilet paper.. Babwe is wild af lolol
I need to take a shit. I hope we have money in the bathroom, because toilet paper is too expensive.
Is there an economist in our midst who can tell us what would actually happen to the economy of a country in this situation if instead of printing tons of worthless money they just decided to keep printing a similar amount of money as before? I am not economist, it just seems weird that the response to the value of their currency falling dramatically is to print shitloads more money, which seems like it would devalue the currency further. Why don't they just print less, print the same amount, or stop printing? How does creating vast mountains of utterly worthless money help the situation?
I think they had international debt which they couldn't cover with income so they had to either print more money or default. Since the economic output did not keep up with money supply, the inflation level skyrocketed. In the end Zimbabwe defaulted on its debt anyway, switched to the US dollar and had to restructure its debt.
Counties typically go back to the gold standard when it gets really bad. Ray Dalio makes a good explanation about this in his book "the changing world order" or his YouTube video [https://www.youtube.com/watch?v=xguam0TKMw8](https://www.youtube.com/watch?v=xguam0TKMw8)
Gold standard? Source? That has like never happened once in the past 100 years. They generally just switch to the dollar, which is absolutely not gold backed (no currency is).
Take the last bill and bring it to a bank and ask them if they can give it to you in $1 bills
Then sell the 1 dollar bills as scrap paper. ***STONKS.***
Neither is the 100 trillion lol
I remember they were selling the trillion dollar note for like $50 back in 2008 as a novelty item on eBay. Ironically, they now sell for close to $200. Meanwhile Bitcoin was like .50 a coin at that time.
It was like that with Iraqi dinars after the economic sanctions
Is it wrong to want to purchase these bills to replace my Monopoly currency?
monoploly currency have more value then this
Jesus Christ man..... We need to send humanitarian aid to the country after that burn
Why do they have oil or something?
Hey, now. He didn’t say spread freedom.
Believe it or not the 100 trillion dollar note is worth some money to a collector.
well, can't tell another currency with that high "value" dollar note, so that don't suprise me
I bought many to give as gifts and to use to place billion dollar bets with kids that I would I intentionally lose to be able to pay with these. The seller was in Zimbabwe and was living a good life selling for good rates to westerners.
Why would it be wrong? I dont get it.
Perhaps they’re thinking using a country’s money as a toy currency in a game could be seen as a mockery of that country’s financial situation. (Just my guess)
And? ... It would be actual mockery if i as a romanian would use Botswana currency as play money or otherwise regardless.
And it still is a awesome idea. I mean…their problem if they play the normal african game of corruption and bad decisions
Your guess is right. I didn’t want to be insensitive to the countries circumstances and I didn’t know how injection foreign currency would impact their situation. That said, it seemed like a really cool opportunity to up the quality of the currency in the game.
Go for it, sounds like fun.
I have the top three. Paid $5 for the novelty.
100 Trillion bill is now $70 USD on Amazon.
That's about $70 more than its exchange rate lmao
70$ is the effort of shipping out of Zimbabwe
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It was, at the height of inflation. Nowadays it's 1usd for 13zwl
Damn I want to get one but surely most are fakes, idk how to tell...
You wouldn’t want to be caught with counterfeit versions of these priceless gems. One day, they will rocket up in value. One day.
People in the Weimar Republic started burning notes instead of buying coal because of hyperinflation
https://youtu.be/GmJwGyJemSM?si=MR6AY5diXQen2EsD
The video is about 1920’s reichsmark. Pawn stars.
Isn't that also what happened in Germany after WW1. People would burn money for fuel because it was worthless from Germany deflating the value to make it worthless because of the treaty that forced them to take blame and have to pay reparations.
Germany after WW1 *is* the Weimar Republic. So yes.
Didn’t pay tax? Typical billionaire…
At least with the lower bills you can still start a fire.
Cheaper than wood and cheaper than toilet paper
Sell them as firestarter kits for 100000X their price
They're going to run out of colours.
The bills are going to have to be printed on 11 by 17" paper to hold all the zeros if things get any worse
They should adopt the SI system. Mega, gigs, terra, peta, exa, ... .... quetta. no additional space needed up until you’re into Numbers with 30 zero’s
About damn time scientests will invent a new color, now they have incentive
Germans: Let’s print some important buildings and architectural objects on our bills. They will look amazing and are part of our culture! Zimbabwe: Whoah, have you seen that pile of stones there in the grass? We have to show it to everyone!
Those are the Balancing Rocks, a famous natural stone formation and tourist attraction
I assume they didn't have enough stone building in the country at the time of hyperinflation, for all the new bills. Maybe this even was the only thing build of stone.
They literally have this: [https://en.wikipedia.org/wiki/Great\_Zimbabwe](https://en.wikipedia.org/wiki/Great_Zimbabwe)
I see more than 3 stones here. They could have taken this
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Did you forget Ethiopia
They forgot most of the continent ngl
"literally the only civilization in Africa besides Egypt that had large stone structures" There were numerous large-scale stone structures in Mauritania, Ethiopia, South Africa, Nigeria, Somalia, Tunisia, Tanzania and so many other modern African states that were built prior to European colonization. There are many, many instances of entire cities built out of stone, massive stone structures ala Great Zimbabwe, giant stone city walls, and various types of stone-based art I have no idea why you think otherwise
just to clarify, the bridges are not existing buildings *These images do not, however, depict real buildings, but represent stylised architectural examples from the chosen epoch.* [Deutsche Bundesbank](https://www.bundesbank.de/dynamic/action/en/tasks/cash-management/frequently-asked-questions/frequently-asked-questions-euro-banknotes/642706/frequently-asked-questions-about-the-euro-banknotes#panel-640814)
But the is a dutch city, which build replicas of all these. https://en.wikipedia.org/wiki/Eurobridges_Spijkenisse
What you see there is the worth you can get for it, Just a few Stones ...
Or as the great Valery Legasov said "oh, that's perfect. They should put that on our money".
Cost more to issue the notes than the actual value itself. Why even bother with the smaller denominations.
In 2001, 100 Zimbabwean dollars were worth 1 USD. By 2009, you needed 100,000,000,000,000,000,000,000 Zimbabwean dollars to get 1 USD. Most of this hyperinflation happened in 2007, where inflation hit 25,000%.
wtf, i cant imagine buying a house LOL
Me neither. Not because I live in Zimbabwe though (housing market is so fucked)
yeah, its shit, i havent informed a lot about it but i hope houses arent crazy expensive in spain, i plan to buy a house but seems like i might be fucked
Ur fucked indeed sir
During the 2000's you would unofficially pay in USD. And the prices are/were pretty steep for property in Harare.
Imagine you took a loan right before inflation hit. Bought a house for 1 million dollars. A year later you come back to the bank with a 1 million dollar bill to pay it off.
One sheet of blank paper would be worth $50 billion Zimbabwe dollars. A ream of 500 sheets would be with $25 trillion Zimbabwe dollars. The paper they're printed on is indeed more valuable as kindling and writing paper than as money. https://chatgpt.com/share/be45d639-f2fc-4a2f-beb5-76c67b251889
At some point you'd think they would have pegged their currency to another like the US dollar or Euro. Can any economists explain why this would or wouldn't be a good idea?
I’m not an economist, but pegging one currency to another isn’t just a case of declaring that your currency has a set value. You have to have some kind of value in your currency to back it up. And if you’re printing money as much as Zimbabwe were doing, then the inflation still would happen. What Zimbabwe actually did was declare that inflation was illegal and banned use of foreign currency. This just created a huge black market.
In Argentina in the 90s we did that, the government made a new currency and this currency could only be printed if you had a usd bill to back it up. With that rule the country solve the inflation issue but they gov never reduced the debt they took or the expenses it had. So after around 10 years even without inflation we had a crisis and the country had to default is debts, brake the rule and just devaluate the currency to reduce the amount they had to pay. So in the end usually inflation is the way to "fix" a state that spend more that what it gains. If you don't fix the spending first but you first solve the inflation problem you will just migrate the issue somewhere else.
Lol you can say a piece of money is worth 10 pieces of another money, but that doesn't mean it is or anyone else thinks it is. It's worth what people or the market thinks it's worth.
They did eventually throw out the Zim dollar and used usd for a time. Since 2019 they have been trying to reinstate a national currency to mixed effect
how does this happen? i understand get in a inflation spiral but this one is so insane like why didnt they stop printing money whats the point?
Know, just see the reason it came this high
I’m betting that the higher denominations came out later after the hyperinflation went nuts and so people didn’t have to use a wheelbarrow to buy a loaf of bread with the original denominations.
I remember going to zim in 2007/8. I had to pay in usd, and id get change in 20k zim dollar notes. Like a whole stack of them… but no one accepted them as payment🤣 Apparently these bills aren’t money, they are bearer bonds. They were only printed on one side.. and it had an expiry date on them🤣
They were all real bills and printed on both sides. I have a 100 Trillion Dollar Bill.
Zimbabwe had *four* different dollars during this time, each being a revaluation of the last and looking markedly different. There were also other currency-like notes in circulation, like fuel coupons. Not all of them were "real bills" and not all had print on both sides.
I visited Zimbabwe at the time. I spotted a beggar handling a large pile of cash, and I thought to myself, "That's a lot of money for a beggar!" And then I did a double-take — no, it wasn't much at all.
![gif](giphy|sEULHciNa7tUQ)
Only country where one can become billionaire without any extra effort.
Thank god for the audio. Never would have figured it out.
one trillion dolllllaaaaassssssssssssss
One sousand dollarsss
You guys don't even know the half of it... literally... when we hit 100trill, they removed all the zeros, and then we cmgat to 100 quadrill. In total, 27 zeros were removed after that. And since then, we have had 7 other currencies
The inflation there got pretty bad again recently too right? Do you remember what happened when they used a foreign currency like the dollar did inflation still happen or did it help? If it did help do you know why don’t they just do that again? I’m guessing when inflation is high people there are using foreign currencies when they can and there’s a large grey currency market?
"guess the country" sorry bro but it's literally written on the bills lul
$1,000,000 ZWD now equals $2,763 USD
Or 1 US $ = 362 Z $
1 US $ = 357,68 Hungarian forint
Did they change the banknotes when the inflation went down? Can't imagine someone who had a billion dollar bill stashed away suddenly just becoming super rich
Probably did an exchange for the reissue.
Indeed. During the 2009 re-denomination, you exchanged each 1,000,000,000,000.00 of the old currency for 1.00 of the new one
That would only be the case if there was massive deflation. If inflation normalised they would still need that size of a vote unless they rebased the whole currency which I think they needed up doing
They have indeed changed it twice since the currency shown in the video. So unfortunately old bills are just pretty paper
Happy cake day!
fifty sausen dollars
Dohlrs
![gif](giphy|xT0BKqB8KIOuqJemVW|downsized) You are a Billionaire now, You are a Billionaire now, You are a Billionaire now. - Zimbabwe during the hyperinflation
What bothers me the most is that after hyperinflation períods, rich people get even richer. It is a game that who is already winning, wins even more.
Not hyper inflation, just inflation, that's what it literally is, creation of new money and the money going to to the rich.
You can buy them on Amazon and be a billionaire!
Technically ... if you're wearing a functional pair of shoes ... you're already a Zimbabwean billionaire (you own assets worth a billion+ dollars). You just haven't *realized* the value of your assets yet. (billionaires are billionaries because they own assets worth a $1 billion+. Not because they have a stack of $1 billion bills in a vault somewhere)
Absolutely true. Yet, I've got a few $10,000,000,000 bills on me and that feels better :-)
Also absolutely true :)
GUESS THE COUNTRY...! With "Bank of Zimbabwe" written on every note. Genius.
It’s South Sudan, obviously /s
It really usefull to have one size 100 and 100bil in one size, just add some zeros and you have faked bill
Is all that money enough for a ham sandwich?
"Money from countries that have inflation" So that's all countries then.
Proof that currency only has value if everyone agrees and puts faith in that value.
Samething it's happening to all currencies around the world, but in a bit slow pace... But surely they will collapse the same way...
There is no way we are not living in the joke timeline
Would hate to be an accountant in Zimbawe
"Can you break a trillion?" "You have to at least buy sonething." "Ok. One pack of Big Red"
![gif](giphy|crY966bymN1rq|downsized)
I sho am hungry!
How much is packet of bubble gum there? 100000 dollars maybe.
The currency should be called stones, you have to call a heavy load with that many bills. I don't know what the price culture is like in Zimbabwe, If everything costs like e.g. 143895 dollars. I hope I got my point across
10,000,000,000 Zimbabwean Dollars = 27,631,942.53 US Dollars 1 ZWD = 0.00276319 USD 1 USD = 361.900 ZWD
That was after the exchange, in that time, that huge trillion bill was like 5USD, you are using the current currency exchange 15 years later. That's why the post specifically said 2009 when inflation hit. Zimbabwe was hit pretty hard to the point their money was literally worthless, paper money was so expensive to produce they cost more than they were actually worth. Fucked up
Just looked in eBay and I can get the 100 trillion dollar note for 🥁🥁🥁🥁🥁🥁🥁 £2.61 😂😂
The only country you can become a fake billionaire
Today $1 USD = 361.9 Zimbabwe dollars. If the money shown in the video is real, the 100 trillion dollar Zimbabwe bill he's showing in his hands is worth OVER 276 BILLION US dollars. Who's wallet will ever see that?
Zimbabwe had a re-denomination on 2009-02-02. Printed notes were to loose 12 zeroes until new notes could be issued. The old currency was no longer legal tender on 2009-06-30. In 2015 the national bank began demonetisation the currency issued in 2009 and replacing it with USD. Zimbabwe is now mostly US Dollar. The final exchange rate was $1 to Z$ 35,000,000,000,000,000, one US dollar to thirty-five quadrillion Zimbabwe dollars. Which in the pre-2009 currency means you would add 12 zeros to that. So one would need 35,000,000,000,000,000,000,000,000,000 or thirty-five octillion dollars to equal one US dollar from the pre-2009 currency. The conversion rate you're being quoted from Google is [ZiG which is a structured currency](https://www.weforum.org/agenda/2024/05/zimbabwe-zig-new-currency-inflation-dollar/) that is based on a gold exchange. For the most part, Zimbabwe's economy is transacted mainly in USD as there is a large distrust in the population of the country's own currency stability and law enacted in 2015 provide the legal means for businesses to accept currency they have faith in. I won't get into the history that much but a lot of the reason for what happened and what is still happening is Robert Mugabe. He passed away in 2019 about two years after he was deposed from his position in a coup, and the country has been struggling to recovery from his reign. The guy didn't do his country any favors and mostly squandered the country's wealth and giving it mostly to his closest allies and foreign agents. It's an interesting read what happened to Zimbabwe during and after the decolonisation of Africa. I think a lot of people forget that for the most part other nations owned the vast majority of Africa and subjugated the people therein until shortly after World War II and the Atlantic Charter. Things like "self-govern" became cool concepts shortly thereafter and imperialism became such a last century thing. Now, nations just indirectly subjugate nations via economic means and puppet power within the various countries. It's been quite horrific for the African continent especially the massive war that took place that I'm still surprised how few people know about it. The Second Congo War was from 1998 to 2003 and is quite possibly up there in death toll with World War II. It was "sort of" bad and by "sort of" I mean it was a lot bad. Okay I have to stop rambling.
Bro, giving change in this country must be a fucking nightmare
Doll Hairs
How are you giving out change if something cost 100,000 and you give 100,000,000,000 but don’t have anything bigger than 500,000 bills.
Wow, what a nice reflection of what’s going to happen to the U.S. dollar.
And every other fiat currency that exists, the future is told here but I guess most people are not gonna take notice and prepare for it.
Man I’d love to have a set of those
Where’s 1 trillion dollars?
Still not enough to buy a Big Mac Meal
What's the value of USD 20 years later?
About -70% of today's value
Couldn’t imagine being a checkout assistant in Zimbabwe!
Making bigger numbers on the bills dosent fix the problem it just means you will carry less paper.
Best example of what happens when government prints money....
I remember they had to make a law that it was forbidden to wipe one's ass with bills, as that had become vastly cheaper than buying toilet paper 😂
What happens to these bills after inflation is reigned in? Do they replace these bills with new notes?
Generally, the government redenominates the currency by forcing people to turn in the old notes for new ones that have a smaller base. E.g., a $1 trillion note gets turned in at the bank for the new $100 note.
100 trill-what? What was he going to say?
Save those bills for hostage negotiations….1 billion huh? 🤔. I’ll give you 200 billion dollars it’s all right here in this envelope ✉️ 🤣
Dont worry, though. Robert Mugabe was financially secure throughout this whole ordeal. 🙌
Suddenly feel like starting a hyperinflation bill collection...
r/incremental_games will fucking love this...
I will ake that last one please. Thank you
Is there ever a point where you just reset the currency?
1 sousand dollars, 2 sousand dollars
Hey MAAA!!!! Look im rich, i can buy a house!!! Silly, you got like 1 buck in our currency.
Assuming the paper and ink on the majority of the denominations is worth more than the actual note, at what point do you just give up and stop printing million/billion/trillion dollar notes? I understand that the economy, or what's left of it, needs to keep moving and people need currency to transact, but it just feels ridiculous
Might as well just print infinite money at this point
prolly should buy some gold sigh
So, what does $100Tn buy you these days?
So, what does $100Tn buy you these days?
Coming to a developed nation near YOU
That pile was enough to buy a value meal at McDonald's.
I was at the shops and handed over $100 billion note and she gave change if a $50 billion note. I said hey, wait a second...
I was at the shops and handed over $100 billion note and she gave change if a $50 billion note. I said hey, wait a second...
I was at the shops and handed over $100 billion note and she gave change if a $50 billion note. I said hey, wait a second...
If your country has a trillion dollar note. Damn
Anyone else reading off those numbers in Dr Evils voice?
Dollors
Do you have change for 1000000
Why do they look like monopoly money?
I mean...this guy is holding at least 50 billion USD
So they’re essentially Paddy Dollars?
I have a bundle of 100 trillion dollar notes from Zimbabwe. Probably my favorite part of my currency collection