Hyperinflation: In Zimbabwe, Everyone’s a Multi-Billionaire

By Alex in Money & Finance, Pictures on Oct 28, 2008 at 1:50 pm

Think that the economy is bad? Be thankful that we’re not in Zimbabwe, where $100 billion note buys you … three eggs!

After the collapse of the agriculture sector in Zimbabwe in 2000, the inflation in that country skyrocketed to 231 million percent a year! Just think about it – 231 000 000%! Unemployment went up to 80% and a third of country’s population left it.

Let`s now have a look at the photos that you may not be able to see anywhere else in the world.

Link – via Presurfer


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  1. glen
    Oct 28th, 2008 at 2:13 pm

    I guess ye’all needed them White farmers afterall, eh?

    Zimbabwe President labels White farmers ‘enemies’:
    http://archives.cnn.com/2000/WORLD/africa/04/18/zimbabwe.land.03/

  2. Kathy
    Oct 28th, 2008 at 2:32 pm

    I wonder if they paper they print the money on is worth more than the money?

  3. Darragh
    Oct 28th, 2008 at 2:40 pm

    Ummm, excuse me if I’m wrong but I think this is a tad stale. I heard about that note a while back but more recently I heard that it was officially changed, so that 100 billion zimbabwian (?) dollars became 1 zimbabwian (again, sp.?) dollar.

  4. Bonwilsky
    Oct 28th, 2008 at 2:53 pm

    If you read the comments at the bottom of the series of pictures, you’ll find out that the government has had to remove 16 zeros and will probably be removing more in the future.

  5. redphone
    Oct 28th, 2008 at 3:16 pm

    If I picked up a cool 100 billion now, I wonder what it’d buy me in 10-20 years from now in that country.

  6. Sid Morrison
    Oct 28th, 2008 at 3:58 pm

    I can almost hear an Austin Powers movie dubbed into “Zimbabwese” now:

    DR. EVIL: I am demanding ransom of [dramatic pause] 100 Billion Billion dollars!

    SCOTT: [Rolls eyes at such a trifling amount demanded by his father]

  7. Ramunas
    Oct 28th, 2008 at 4:33 pm

    I wonder how much the whole country would cost. Don’t think that the price would be very high.

    Pack me one, please.

  8. DOJ
    Oct 28th, 2008 at 4:56 pm

    I bet you could sell those notes in the US as novelties

    wasn’t this on neatorama not too long ago?

  9. jazzman
    Oct 28th, 2008 at 7:00 pm

    one of my friends at school is a Zimbo and his parents just visited and brought us a couple hundred billion dollar bills

  10. iRcommenter
    Oct 28th, 2008 at 8:13 pm

    @redphone – sorry, if you look closely at the bill in the picture you can see that it’s only worth $100 billion until Dec 31, 2008. It’s pretty bad when your economy goes bad before the milk in the fridge does.

  12. V
    Oct 29th, 2008 at 1:40 am

    Be thankful? How about be worried. We may see this right here thanks to Uncle Sam and his printing presses!

  13. cleek
    Oct 29th, 2008 at 12:43 pm

    i like how they bother putting all the anti-counterfeiting swirly things and watermarks on those bills.

  14. Sid Morrison
    Oct 30th, 2008 at 8:37 am

    @cleek-
    Great observation! What a bunch of morons.


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