2008 dated PMG 68 Graded AA Zimbabwe 100 Trillion Dollar Blue Note - Uncirculated Authentic Paper Money - 100,000,000,000,000 Zimbabwe Dollar Note

2008 Zimbabwe 100 Trillion Dollar Blue Note.

From 1980 to 2009, Zimbabwe had four different versions of the dollar ($ or Z$). After Zimbabwe gained independence in 1980, the first dollar replaced the Rhodesian dollar. The Reserve Bank of Zimbabwe printed most of the banknotes. They also had Bearer cheques and Agro cheques (short for Agricultural cheques) that circulated between September 15, 2003, and December 31, 2008. Standard Chartered Bank also issued their own emergency cheques from 2003 to 2004.

Zimbabwe’s currency got really unstable in February 2007. This was when hyperinflation started, as defined by Cagan. At its worst in 2008-2009, Zimbabwe’s hyperinflation was so bad that the government stopped reporting official inflation. In mid-November 2008, the estimated peak month of inflation was 79.6 billion percent month-on-month and 89.7 sextillion percent year-on-year. That’s one of the worst cases of hyperinflation in history.

In April 2009, Zimbabwe stopped printing its own currency and started using foreign currencies. By mid-2015, the government said they wanted to switch to the United States dollar by the end of that year.

But in June 2019, the government brought back the RTGS dollar, now just called the “Zimbabwe dollar,” and said that all foreign currencies weren’t legal anymore. By mid-July 2019, inflation went up to 175%, which worried people about a new round of hyperinflation. In March 2020, with annual inflation over 500%, a new team was formed to deal with the currency problems. By July 2020, annual inflation was estimated to be 737%.