PMG 68 Graded AA Zimbabwe 100 Trillion Dollar Blue Note

Description: 2008 Zimbabwe 100 Trillion Dollar Blue Note. Zimbabwe's paper money existed in four versions of the dollar ($ or Z$) from 1980 to 2009. Following Zimbabwe's independence in 1980, the first dollar replaced the Rhodesian dollar at par, with the Reserve Bank of Zimbabwe issuing most of the banknotes. Additional currency types included Bearer cheques and Agro cheques (short for Agricultural cheques), which circulated between September 15, 2003, and December 31, 2008. During this time, Standard Chartered Bank also issued their own emergency cheques from 2003 to 2004. Zimbabwe experienced extreme currency instability beginning in February 2007, marking the onset of hyperinflation as defined by Cagan. At its peak in 2008-2009, Zimbabwe's hyperinflation reached levels that were difficult to quantify due to the government's cessation of official inflation reporting. In mid-November 2008, the estimated peak month of inflation reached 79.6 billion percent month-on-month and 89.7 sextillion percent year-on-year, making it one of the most severe instances of hyperinflation in history. In April 2009, Zimbabwe ceased printing its own currency and began using foreign currencies. By mid-2015, the Zimbabwean government announced plans to fully transition to the United States dollar by the end of that year. However, in June 2019, the government reintroduced the RTGS dollar, now simply called the "Zimbabwe dollar," and declared all foreign currencies as no longer legal tender. By mid-July 2019, inflation surged to 175%, raising concerns about a potential new phase of hyperinflation. In March 2020, with annual inflation exceeding 500%, a new task force was established to address currency issues. By July 2020, annual inflation was estimated to have reached 737%. Item ordered may not be exact piece shown. All original and authentic.

Price: 492 USD

Location: Portsmouth, New Hampshire

End Time: 2025-01-03T20:14:18.000Z

Shipping Cost: 6.25 USD