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.
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.
December 22nd, a new note of 500 000 dollars introduced to the market!
Next – 750 000 dollars.
January – new note of 10 million dollars.
This US $10 dollar note is 10 times worth more than the 10 million dollars Zimbabwe note.
A case worth 65 billion Zimbabwe dollars which equals to $2000 US dollars.
This guy is going to a supermarket. The exchange rate is 25 million Zimbabwe dollars for 1 US dollar.
This mountain of cash is worth $100.
50 Million note is then introduced!
Next is 250 million dollars note!
Sorry, how much is this t-shirt? – It`s cheap, only about 3 billion dollars!
May – a note of 500 million dollars is introduced!
June – note worth 25 and 50 billion are printed.
And finally – 100 billion dollars note!
What can you buy for it? Well, these 3 eggs for example.
Thats how people went to restaurants!
And the bills:
In August, the government devalued Zimbabwe dollar by removing 10 zeros from notes.
However, inflation kept going up and in September for this amount of cash you could only buy 4 tomatoes.
And for this – some bread.
And then it started again: 20 000 dollars note in September.
50,000 a couple of weeks ago!
They`ve got a ptty good chance of hitting billion dollar notes again by the end of this year!