Skip to comments.Zimbabwe $100 Trillion Banknote (2009) [Carry It In Your Wallet: Instant Economics Lesson!]
Posted on 02/17/2010 3:04:45 PM PST by Recovering_Democrat
In 1980, Zimbabwes dollar was worth more than the U.S. dollar, but the currency's value eroded rapidly amid government spending, corruption and the seizure of privately-owned farms. By 2009, the highly regulated labor market boasted unemployment of 94%.
The Reserve Bank of Zimbabwe has printed an uncountable quantity of money resulting in massive inflation. At the same time, government-instituted price-caps have caused mass shortages of food, fuel and basic supplies.
The circulated banknote is shipped with historical background and autographed Capitalistpig trading card. (Actual serial number will vary)
He is offering a real Zimbabwe $100 Trillion Dollar bill.
I am getting one and putting it in my wallet--it will be an instant conversation starter and good way to communicate economic lessons for friends.
Will he send me one for free?
Whats the exchange value? 22 cents?
>>By 2009, the highly regulated labor market boasted unemployment of 94%.
Pfft! Our Kenyan will beat that..say, 96% by 2012.
This is the kind of post that cries out for a link to a means of purchasing said item. It does indeed seem like something to put on your wall...for laughs.
I think we OUGHT to buy these things...and use them in the manner described.
Our social interactions can be used to TEACH LESSONS to the people we meet—and this is a fun way to do it!
I am NOT a friend of JH and I do NOT hold stock in his company, etc. I genuinely think this is a great way to teach people the danger of government control of the economy.
Sorry, I misread your post. I thought you said it DOES NOT need a link. :)
The link does, indeed, send you to a "buy me" site. :)
You just clink the pic at the link, its $7.99 and comes with a trading card or something.
Coming to a Federal Reserve Note near you. On the other hand the amount of silver in a pre-'64 U.S. Quarter Dollar is still worth about a gallon of gas - just as it was decades ago.
Zero value. There is an expiration date on the banknote.
I went to zimbabwe in the mid 90’s and have a 2 dollar bill in my foreign currency collection. I need to get that one, and frame the two together on my wall.
Oh yea... I remember their money expires... lol
I have one of those plus the $10, $20 AND $50 trillion notes. You can find them on E-bay. I paid around $8 which was probably a hug premium over their real value. You can also find German hyperinflation notes pretty cheap. I have a 500 million marks and 500 billion marks. Nice to have a little piece of history.
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