Hyperinflation kills off Zimbabwe dollar
1:55
Hyperinflation kills off Zimbabwe dollar
Jun 16, 2015
NY TimesThe New York Times
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AI Africa stories on Instagram: "Did you know Zimbabwe lived through one of the deadliest hyperinflation crises in world history? Beginning in the early 2000s, economic mismanagement, chaotic land reforms, and uncontrolled money printing sent inflation soaring. By 2008, prices were doubling almost every 24 hours, and the inflation rate reached a staggering 79.6 billion percent. Everyday life became nearly impossible. A loaf of bread cost trillions. People carried wheelbarrows of cash for basic g
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financpreneur on Instagram: "Yes, trillion-dollar notes exist, specifically the Zimbabwean $100 Trillion note from 2009, a real physical currency issued during extreme hyperinflation, though it became virtually worthless for buying goods and is now a collector's item, symbolizing economic collapse. The Zimbabwean Trillion Dollar Note: Origin: Printed by Zimbabwe in January 2009 during a severe hyperinflation crisis. Purpose: To keep up with rapidly rising prices as the local currency lost value
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