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Topic: I'm a Trillionaire...  (Read 2530 times)
Samsquanch
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« on: August 10, 2009, 08:08:41 pm »

...in Zimbabwe :D

Who would have thought $180,086,861,681,636.00 dollars could fit so nicely in your hand.



Anybody else here collect RBZ notes as well?
« Last Edit: August 11, 2009, 10:09:48 am by BWJM »
Philippe_B
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« Reply #1 on: August 10, 2009, 09:32:46 pm »

Nice set. I think I will buy a 100 Trillion on Ebay. I might also buy an other one to show to my customers at the credit union so they can see what inflation looks like !

Philippe
Northwest5
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« Reply #2 on: August 10, 2009, 09:40:05 pm »

Cool set....Couple of questions;  Is this the highest value note made and what is the value in CDN of your set.  Thanks, Murray
Samsquanch
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« Reply #3 on: August 10, 2009, 11:11:49 pm »

I haven't yet been able to place an exact dollar value on this money mainly because it hyperinflated so fast.  The highest value note is the T$100 note, and it's the largest denomination banknote ever released by a government in the entire world.

From Wikipedia

"on 14 February 2008, the Central Statistical Office announced that the inflation rate for December 2007 was 66,212.3%, and the unofficial exchange rate was Z$7.1 million to the US$1"

... and now, this currency is absolutely worthless.

Read more on this currency here:
http://en.wikipedia.org/wiki/Zimbabwean_dollar
copperpete
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« Reply #4 on: August 11, 2009, 08:27:30 am »

And remember that this note (100T$) is evaluated in zimbabwean dollars which had been devaluated by a factor 10 000 000 000 in August 2008...Itself devaluated by a factor of 1000 in 2006, so the factor is 10^27 in pre-2006 dollars. 

Incidentally, it the first note I see whose facial value has so much zeroes...(14) And when I saw one in Ebay last spring, I could'n resist and bought a set of 4 notes (10, 20, 50 and 100 T$).

And the last occurence of a such hyperinflation bout in the world has occured in Hungary in 1946.  The highest denomination note ever issued by any country at any time was a note with a face value of 100 000 000 b-pengös and a b-pengö was 1 000 000 000 000 pengös, so the note had a value of 100 quintillon pengös :o :o :o :o (100 000 000 000 000 000 000) .  The value wasn't written in numerical, but only stated in words.  This hyperinflation killed this currency and let the way to the new one: the hungarian forint.

But the note was not so nice because it hadn't any zeroes, so it was not as impressive...
« Last Edit: August 11, 2009, 08:33:38 am by copperpete »

Northwest5
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« Reply #5 on: August 12, 2009, 12:12:22 am »

Great info guys, I might have to snoop around online also to see if I can get a set like this.  They are cool with all the zeros....Thanks, Murray
 

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