$100 Billion Dollars For 3 Eggs? The Inflation In Zimbabwe Is Outta Control!

April 25, 2014 | 1 Comment » | Topics: WTF

50000 dollar bill

After the collapse of the agriculture sector in Zimbabwe in 2000, the inflation in that country skyrocketed to 231 million percent a year! Just think about it – 231,000,000%! Unemployment went up to 80% and a third of country’s population left it.

million dollars worth food

Let`s now have a look at the photos that you may not be able to see anywhere else in the world. Here is a boy getting change in 200 000 dollar notes! One 200 000 dollar note equals less than $0.10 cents.

zimbabwe economic crisis

December 22nd, a new note of 500 000 dollars introduced to the market!

500000 dollar bills

Next – 750 000 dollars.

750000 dollar notes

January – new note of 10 million dollars.

zimbabwe money inflation

This US $10 dollar note is 10 times worth more than the 10 million dollars Zimbabwe note.

10 million dollar bills

A case worth 65 billion Zimbabwe dollars which equals to $2000 US dollars.

zimbabwe dollar us dollar

This guy is going to a supermarket. The exchange rate is 25 million Zimbabwe dollars for 1 US dollar.

carrying dollar notes

zimbabwe million dollars

This mountain of cash is worth $100.

transport new dollar bills

200000 dollar notes

50 Million note is then introduced!

50 million dollar notes

Next is 250 million dollars note!

zimbabwe money cloths

Sorry, how much is this t-shirt? – It`s cheap, only about 3 billion dollars!

zimbabwe inflation control

May – a note of 500 million dollars is introduced!

zimbabwe dollar notes

dollar value devaluation

June – note worth 25 and 50 billion are printed.

And finally – 100 billion dollars note!

million dollars worth food

What can you buy for it? Well, these 3 eggs for example.

Thats how people went to restaurants!

economic crisis inflation

And the bills:

million dollar sales receipt

printing new dollar bills

In August, the government devalued Zimbabwe dollar by removing 10 zeros from notes.

zimbabwe new 10 dollar notes

However, inflation kept going up and in September for this amount of cash you could only buy 4 tomatoes.

zimbabwe dollar value

And for this – some bread.

food for dollars

And then it started again: 20 000 dollars note in September.

20000 dollar note

50,000 a couple of weeks ago!

50000 dollar bill

They`ve got a ptty good chance of hitting billion dollar notes again by the end of this year!

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  • Gray

    Yes it’s true that this happened. But quite a while back. The black market ended in 2008 when they dollarized the economy. This stuff must have been put together in 2006 (I was working in Zim when they revalued the currency).