Ads
related to: zimbabwe 100 trillion note
Search results
Results From The WOW.Com Content Network
The Zimbabwean one hundred trillion dollar note is a denomination of Zimbabwean currency.It is one of the world's largest denominations of currency. [1] It was first issued in Zimbabwe on 16 January 2009 during the period of hyperinflation when the prices of goods rose rapidly and the government printed money in increasingly larger denominations to match market prices.
The 2008 banknote series circulated from 29 September 2008 to 12 April 2009. The series demonstrated the intensity of hyperinflation during the period as the highest denomination increased from $1000 to $100 trillion ($10 14) by January 2009, the latter being the largest denomination issued by the Reserve Bank.
The 100 trillion Zimbabwean dollar banknote (10 14 dollars), equal to 10 27 pre-2006 dollars. On 30 July 2008, the dollar was redenominated and given a new currency code of ZWR. [23] After 1 August 2008, 10 billion ZWN were worth 1 ZWR. [23] Coins valued at Z$5, Z$10 and Z$25 and banknotes worth Z$5, Z$10, Z$20, Z$100, and Z$500 were issued in ...
For premium support please call: 800-290-4726 more ways to reach us
Originally, the paper notes were in denominations of Z$2, 5, 10 and 20, and coins in denominations of 1, 5, 10, 20, 50 cents and Z$1. As larger bills were needed to pay for menial amounts, the Reserve Bank of Zimbabwe planned to print and circulate denominations of up to Z$10, 20, 50, and 100 trillion. [62]
At the request of the RBZ under the stewardship of its governor Dr. Gideon Gono released several series of the Zimbabwe currency. The Highest note ever printed in the world was the Z$100 Trillion note Printed by Fidelity Printers and Refinery in 2008 when the inflation rate had breached 3,840,000,000,000,000,000% by September 2008.
Ad
related to: zimbabwe 100 trillion note