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100 Trillion Dollars- Zimbabwe

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Politics and Public Service43 of 381Just a fewVintage Original Martin Luther King handmade Seattle Protest Sign
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    Posted 1 year ago

    dav2no1
    (618 items)

    100 Trillion Dollars- Zimbabwe

    This is what happens when you have super inflation. Similar situations have happened to other countries after wars. This dollar was produced at just about the peak of the hyperinflation.

    The Zimbabwean dollar and hyper inflation was due to this dollar trying to compete and replace other local currencies. Over time the value kept going down as it was still competing with other currency of the region.

    If your wondering....its worth .40 cents American. You would need more than this note to ride a bus in Zimbabwe at that time!

    Best explanation I've seen:
    "A trillion, by the way, is a million million. There are 12 zeros in a trillion. Add another two to reach the total on the Zimbabwean 100 trillion dollar bill, the note with the most zeroes of any legal tender in all recorded history."

    Interesting facts...originally these bills could be bought very cheaply. They were gave out as funny gifts. Then....
    " The Wall Street Journal reported in 2011 that David Laties, owner of the Educational Coin Company in New York, had speculated about $150,000 (£104,000) importing the notes from Zimbabwe, sensing they would become “the best notes ever”. Frank Templeton, a retired Wall Street equities trader, bought “quintillions of Zimbabwe dollars” (that’s thousands of trillions) for between $1 and $2 each, via a broker from the Zimbabwe central bank. He would then sell them on for several times the price."

    One last observation....it seems that the biggest tourist scenes are a big rock, a waterfall and a water buffalo?

    Thanks for looking...

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    Comments

    1. jscott0363 jscott0363, 1 year ago
      Very cool factoid and Great post!!! Merry Christmas to you!!
    2. Watchsearcher Watchsearcher, 1 year ago
      A very interesting and educational post!
    3. dav2no1 dav2no1, 1 year ago
      Thanks to everyone for looking. It is an interesting fun piece of history.
    4. blunderbuss2 blunderbuss2, 1 year ago
      Maybe the U.S. can pay off its debt with them.
    5. Militarist Militarist, 1 year ago
      Wonder if the note's printers got paid and in what currency?
    6. dav2no1 dav2no1, 1 year ago
      It's just ironic that the people buying and selling these as gifts probably made way more money than their economy was worth..
    7. AnythingObscure AnythingObscure, 1 year ago
      <sigh>...the world we're all stuck living in now, wherever and however we try to manage it... <groan>
    8. dav2no1 dav2no1, 1 year ago
      Hey BB2..did you get to see the trench art...seems you took a vacation for a few...

      https://www.collectorsweekly.com/stories/290094-wwi-trench-art-owned-by-dr-goodsell--p
    9. blunderbuss2 blunderbuss2, 1 year ago
      Little late to the party, but I just got there. Been busy lately trying to decide what I want to be when I grow up. Pretty much settled on fireman.
    10. dav2no1 dav2no1, 1 year ago
      When I was young ...I said I wanna be somebody when I grow up. I guess I should have been more specific.
    11. WillSol WillSol, 1 year ago
      When I first saw this I thought it was part of the Stimulus Bill. Oops. This is an apolitical statement and I approve of this message.
    12. blunderbuss2 blunderbuss2, 1 year ago
      That probably IS your Stimulus Bill.
    13. Vynil33rpm Vynil33rpm, 1 year ago
      So this tell US
      we should print
      a lot of currency
      Maid in China
      Clean yourself
      Kool Notes
      Loaded Boats loads

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