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Banknotes dated 1980 bore Salisbury as the name of Zimbabwe's capital, which renamed itself to Harare on 18 April 1982: $5, $10 and $20 notes dated 1982 and later bore the updated name, but early batches of $10 notes dated 1982 erroneously bore the capital's old name. There were no $2 notes dated 1982: those dated 1983 and later had the updated ...
The Zimbabwean one hundred trillion dollar note is a denomination of Zimbabwean currency.It is one of the world's largest denominations of currency. [1] It was first issued in Zimbabwe on 16 January 2009 during the period of hyperinflation when the prices of goods rose rapidly and the government printed money in increasingly larger denominations to match market prices.
The move led to a sharp drop in the usage of the Zimbabwean dollar, as hyperinflation rendered even the highest denominations worthless. The Zimbabwean dollar was effectively abandoned as an official currency on 12 April 2009, when the Economic Planning Minister Elton Mangoma confirmed the suspension of the national currency for at least a year.
The move failed to end severe cash shortages and unleashed inflation, which reached 676.39% in March, one of the highest in the world. Zimbabwe to circulate higher bank notes as inflation soars ...
Hyperinflation in Zimbabwe is an ongoing period of currency instability in Zimbabwe which, using Cagan's definition of hyperinflation, began in February 2007. During the height of inflation from 2008 to 2009, it was difficult to measure Zimbabwe's hyperinflation because the government of Zimbabwe stopped filing official inflation statistics.
Highest monthly inflation rates in history as of August 2012 [121] [122] Country Currency name Month Rate (%) Equivalent daily inflation rate (%) Time required for prices to double Highest denomination Hungary: Hungarian pengő: July 1946 4.19 × 10 16: 207.19 14.82 hours 100 quintillion P (10 20) Zimbabwe: Zimbabwe dollar: November 2008 7.96 ...
It is the country’s sixth attempt at a new currency since the spectacular 2009 collapse of the Zimbabwe dollar and adoption of the U.S. dollar as legal tender amid hyperinflation of 5 billion ...
At the request of the RBZ under the stewardship of its governor Dr. Gideon Gono released several series of the Zimbabwe currency. The Highest note ever printed in the world was the Z$100 Trillion note Printed by Fidelity Printers and Refinery in 2008 when the inflation rate had breached 3,840,000,000,000,000,000% by September 2008.