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Curzon
Author

Curzon

Date

August 21st, 2008

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Gold Medal to Zimbabwe

…for seeing inflation rise to a new peak of 11,200,000%. Prices rise by 30-40% a day, and have multiplied 110,000-fold, a world record.

After introducing a 200,000 dollar bill, the Zimbabwean Central Bank devalued the currency by 10 zeros. That means that a previous 10 billion dollar bill is now a one dollar bill. Or put otherwise, a bill with a previous face value of $10,000,000,000 is about to be reissued with a face value of $1.

Comments to this entry

DPT
August 21, 2008
6:05 pm
Zimbabwe still has a long way to go before it can touch Hungary's world record of 41,900,000,000,000,000%, though.
feeblemind
August 21, 2008
11:55 pm
Where will it all end?
Alfred Russel Wallace
August 23, 2008
1:12 am
DPT - please tell us more.....