Zimbabwean Dollar facts
While investigating facts about Zimbabwean Dollar To Usd and Zimbabwean Dollar To Rand, I found out little known, but curios details like:
The World Bank stopped tracking inflation in Zimbabwe in November 2008, when it reached 79.6 billion percent. One year later, the country abandoned its currency. The exchange rate at the time was $35 quadrillion Zimbabwean dollars to $1 USD.
how much is a zimbabwean dollar worth?
The Zimbabwean dollar had an inflation of 500.000.000.000% per day in mid-November 2008 and it lost 99% of its value every 8 hours and 42 min
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across. Here are 19 of the best facts about Zimbabwean Dollar To Gbp and Zimbabwean Dollar To Inr I managed to collect.
what is 1 pound in zimbabwean dollars?
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Hyperinflation in Zimbabwe got so bad, and the currency was worth so little that the Reserve Bank of Zimbabwe issued bank notes with values as high as One Hundred Trillion Zimbabwean Dollars.
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Before being removed from circulation, the Zimbabwean dollar was so hyperinflated that a $100 trillion banknote was being used
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In mid-November 2008, the rate of inflation for the Zimbabwean dollar peaked at 89,700,000,000,000,000,000,000%, at which prices were doubling every 24.7 hours.
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In 2009 due to hyperinflation, Zimbabwe printed a 100 trillion Zimbabwean dollar note, which at the time of printing was worth about US$30.
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New exchange rate $1 for 35,000,000,000,000,000 Zimbabwean dollars
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At the time of it's collapse, the Zimbabwean dollar was suffering from an inflation rate of 89,700,000,000,000,000,000,000%. A person would starve to death on just a billion Zimbabwean dollars.
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Zimbabwe suffered a hyperinflation that, at its worst in 2008, had an inflation rate estimated to be 79,600,000,000% per month. 1 US dollar became equivalent to 2,621,984,228 Zimbabwean dollar and they even printed a One Hundred Trillion Dollar note (14 zeroes).
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When the Zimbabwean dollar was first introduced, it was worth more than the US dollar: 1 ZWD = 1.47 USD.
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The 100 trillion Zimbabwean dollar note is worth more as a collector’s item (sells around 25-35 USD) than its nominal worth (around 5 USD)
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The Zimbabwean dollar's value decreased by a 10,000,000,000,000,000,000,000,000 (10^25) factor between 2006 and 2009 due to hyperinflation
Why did the zimbabwean dollar cease to money?
You can easily fact check it by examining the linked well-known sources.
During the hyperinflation in Zimbabwe, a piece of bread might cost $10 billion Zimbabwean dollars, and prices were adjusted several times during the day, meaning that bus fares would have different prices throughout the day.
A Nurse in Zimbabwe makes less money than a soda costs — which is still over 12,000 Zimbabwean dollars - source
The largest denomination of currency in thr world is a Zimbabwean one hundred trillion dollar bill - source
The Zimbabwean Trillion dollar note, legal currency until 2009. Despite being one of the highest-valued currencies in 1980, hyper inflation eroded the value to the point where "a person would starve on just a billion Zimbabwe dollars per day"
175 Quadrillion Zimbabwean Dollars Are Now Worth $5 - source
When did the zimbabwean dollar come into circulation?
Trillions of Zimbabwean dollars are almost worthless.
How many zimbabwean dollars is one us dollar?
When Zimbabwe ended their local currency in June, people with up to 175 quadrillion Zimbabwean dollars were paid $5 (US Dollars); people with more than that were paid at an exchange rate of $1 (USD) to 35 quadrillion Zimbabwean dollars
