Report

Hyperinflation in Zimbabwe


Abstract: One hundred trillion dollars?that?s100,000,000,000,000?is the largest denomination of currency ever issued.1 The Zimbabwean government issued the Z$100 trillion bill in early 2009, among the last in a series of ever higher denominations distributed as inflation eroded purchasing power. When Zimbabwe attained independence in 1980, Z$2, Z$5, Z$10 and Z$20 denominations circulated, replaced three decades later by bills in the thousands and ultimately in the millions and trillions as the government sought to prop up a weakening economy amid spiraling inflation.

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Provider: Federal Reserve Bank of Dallas

Part of Series: Annual Report, Globalization and Monetary Policy Institute

Publication Date: 2011

Pages: 2-12