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  • Reading FYI

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    Muhammad Faizan
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    Zimbabwe experienced extreme hyperinflation in 2008, with an inflation rate of 231 million percent per year. Due to this, 25 million Zimbabwe dollars equaled just 1 US dollar. Pictures show the effects of hyperinflation on everyday life, with large denominations of currency needed for even small purchases. Grocery shopping required pocketfuls of bills, and restaurant meals were paid with stacks of cash. The largest denomination note in circulation at the time was 100 billion dollars, worth about $33 USD. Zimbabwe was soon to release an even higher denomination of 100 trillion dollars as the country struggled with economic collapse and hyperinflation.

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    Zimbabwe experienced extreme hyperinflation in 2008, with an inflation rate of 231 million percent per year. Due to this, 25 million Zimbabwe dollars equaled just 1 US dollar. Pictures show the effects of hyperinflation on everyday life, with large denominations of currency needed for even small purchases. Grocery shopping required pocketfuls of bills, and restaurant meals were paid with stacks of cash. The largest denomination note in circulation at the time was 100 billion dollars, worth about $33 USD. Zimbabwe was soon to release an even higher denomination of 100 trillion dollars as the country struggled with economic collapse and hyperinflation.

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    17 views8 pages

    Reading FYI

    Uploaded by

    Muhammad Faizan
    Zimbabwe experienced extreme hyperinflation in 2008, with an inflation rate of 231 million percent per year. Due to this, 25 million Zimbabwe dollars equaled just 1 US dollar. Pictures show the effects of hyperinflation on everyday life, with large denominations of currency needed for even small purchases. Grocery shopping required pocketfuls of bills, and restaurant meals were paid with stacks of cash. The largest denomination note in circulation at the time was 100 billion dollars, worth about $33 USD. Zimbabwe was soon to release an even higher denomination of 100 trillion dollars as the country struggled with economic collapse and hyperinflation.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    of 8

    This is what happens in ZIMBABWE !!!!!

    (Year 2008)

    This is what it looks like in Zimbabwe ……………


    (Inflation at 231 million percent a year has meant 25 million Zimbabwe dollars equals to
    just 1 US dollar)

    The pictures below look funny, but the story is really sad……..

    Visiting the neighborhood grocer!


    Some pocket money!
    Awesome price tag!
    This is how people pay in restaurants!
    The bill of course!
    The 100 billion dollar note in circulation!
     
     

    Zimbabwe's $100 billion banknote with the number of eggs


    it could purchase on its release date

    They are now releasing a 100 TRILLION banknote...

    If you want to feel like a trillionaire for a few days, a holiday to Zimbabwe will surely give you
    that feeling!

    And 1 trillion = $33 USD.

    In 1980 ZMD was equivalent to British pounds and nowwwww!!!!!!!

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