Hyperinflation in Zimbabwe is no joke

Zimbabwe $100 trillion note My last post (about the WITO) was obviously tongue-in-cheek, but hyperinflation in Zimbabwe is no laughing matter. At some point in 2008, for example, the supermarket price of a kilo of tomatoes was $61 billion. Prices were doubling every 24 hours, if you can comprehend such a thing. Early in 2009 they revalued the currency by chopping twelve zeros(!) off it. The $100 trillion note shown above was replaced by a $100 note.  This scheme only lasted a few months.  The situation began to improve in April 2009 when the country abandoned their currency and people started using the U.S. dollar and the South African Rand.

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