2008 dated AA Zimbabwe 100 Trillion Dollar Blue Note with Pass-co Authentication - 100,000,000,000,000 Zimbabwe Dollar Note - Foreign Paper Money

2008 Zimbabwe 100 Trillion Dollar Blue Note WITH PASS-CO AUTHENTICATION.

From 1980 to 2009, Zimbabwe utilized four distinct versions of its currency, denoted as $ or Z$. Following Zimbabwe’s independence in 1980, the first dollar replaced the Rhodesian dollar at par, with the Reserve Bank of Zimbabwe issuing the majority of the banknotes. Additionally, Bearer cheques and Agro cheques (short for Agricultural cheques) circulated between September 15, 2003, and December 31, 2008. During this period, Standard Chartered Bank also issued its own emergency cheques from 2003 to 2004.

Zimbabwe experienced severe currency instability, characterized by hyperinflation, commencing in February 2007. At its peak in 2008-2009, Zimbabwe’s hyperinflation reached unprecedented levels, challenging accurate quantification due to the government’s suspension 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, solidifying its status as one of the most severe instances of hyperinflation in history.

In April 2009, Zimbabwe ceased printing its own currency and transitioned to utilizing foreign currencies. By mid-2015, the Zimbabwean government announced its intention to fully adopt the United States dollar by the end of that year.

However, in June 2019, the government reintroduced the RTGS dollar, now commonly referred to as the “Zimbabwe dollar,” and declared all foreign currencies as no longer legal tender. By mid-July 2019, inflation surged to an alarming 175%, raising concerns about the potential resurgence of hyperinflation. In March 2020, with annual inflation surpassing 500%, a new task force was established to address currency-related challenges. By July 2020, annual inflation had reached an estimated 737%.

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