Thursday, September 27, 2012

Hyperinflation In Zimbabwe In Photos And Charts

The Zimbabwean dollar was launched in 1980 at the same time as the Republic of Zimbabwe was created from the British Colony of Rodhesia, at that time 1 Z$ was worth more than 1 US$.
Hyperinflation started in 2005 and severely damaged the economy, bank notes of Z$ 100 trillion were issued at the inflation peak in 2008, here are some pictures of the Zimbabwean Hyperinflation which is known as one of the most rapidly growing hyperinflation in the world with an average inflation of 96%.. per day during that period and an exchange rate of 758,000,000 Z$ per 1 US$ at peak:

100 billion Z$ zimbabwean dollars to buy 3 eggs, caused by hyperinflation
100 billion Z$ bank note or 0.64 US$ could buy you only 3 eggs in 2008

100,000,000,000,000 100 trillion Z$ zimbabwean dollars the biggest bank note in the world
 100,000,000,000,000 Z$ the biggest bank note ever issued,
Zimbabwe Hyperinflation
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Starving Billionaire in Zimbabwe

Toilet paper was worth more than Z$ bank note in 2008
 One sheet of toilet paper was worth more than the smallest Z$ bank notes in 2008
GDP vs Hyperinflation in 2008
 The Hyperinflation ruined Zimbabwe's economy which was positive since the creation of the Republic of Zimbabwe
Highest inflation rate ever in Zimbabwe
At peak the inflation reached 89,700,000,000,000,000,000,000% 
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