Previously on this blog I have looked at the extent of hyperinflation in Zimbabwe and as well as recent progress (i.e. the defacto dollarization of the economy) the country has made in overcoming this problem. I bring this up because today one of my former students gave me the following Zimbabwe bill dated 2008 (click on pictures to enlarge):
Yes, this a 100 trillion dollar note with fourteen zeros. Note that the bill apparently has several anti-counterfeiting measures like the golden bird statue on the right front. That is surprising; surely the opportunity cost of counterfeiting this bill far exceeded any benefit. Just how worthless is this currency now? Below is a picture that answers this question succinctly (click on picture to enlarge):
Yes, this a 100 trillion dollar note with fourteen zeros. Note that the bill apparently has several anti-counterfeiting measures like the golden bird statue on the right front. That is surprising; surely the opportunity cost of counterfeiting this bill far exceeded any benefit. Just how worthless is this currency now? Below is a picture that answers this question succinctly (click on picture to enlarge):
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