Author Topic: Zimbabwe's broken the world record - 100 Trillion Dollars!  (Read 6371 times)

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BC Numismatics

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Zimbabwe's broken the world record - 100 Trillion Dollars!
« on: January 16, 2009, 12:35:00 PM »
Zimbabwe has now broken the world record for the number of zeroes on a banknote.The highest denomination is now $100,000,000,000,000!

Aidan.

Offline Bimat

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Re: Zimbabwe's broken the world record - 100 Trillion Dollars!
« Reply #1 on: January 16, 2009, 02:32:48 PM »
Hi Aidan,
Can you post some photos?Zimbabwe had recently reformed its coinage..I would like to see this banknote(at least photo).I have seen a Billion dollar note here..but 100 Trillion Dollars is amazing!
Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

BC Numismatics

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Zimbabwe's broken the world record - 100 Trillion Dollars!
« Reply #2 on: January 16, 2009, 06:03:28 PM »
Aditya,
  All the news items that I've seen don't have photos,as it has only just come out.You can often see photos on http://www.zimbabwesituation.com .

Aidan.

Offline a3v1

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Re: Zimbabwe's broken the world record - 100 Trillion Dollars!
« Reply #3 on: January 16, 2009, 09:39:23 PM »
An enourmous number of zero's but not a world record by far.
Shortly after WWII Hungary has issued a banknote of a billion B-pengo, that is 1,000,000,000,000,000,000,000 Pengo.
Zimbabwe's recent note still is seven zero's short of that.
Regards,
a3v1
« Last Edit: January 17, 2009, 02:38:08 PM by a3v1 »
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Money is like body fat: If there's too much of it, it always is in the wrong places.

BC Numismatics

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Zimbabwe's broken the world record - 100 Trillion Dollars!
« Reply #4 on: January 16, 2009, 10:45:06 PM »
An enourmous number of zero's but not a world record by far.
Shortly after WWII Hungary has issued a banknote of a billion ezer-pengo, that is 1,000,000,000,000,000,000,000 Pengo.
Zimbabwe's recent note still is seven zero's short of that.
Regards,
a3v1

A3v1,
  That may be the highest denominated note,but it does not show all the zeroes though.

This means that Zimbabwe does have the world record for showing the most zeroes on a banknote,even though its real face value is US$0.00.

Aidan.

Offline Figleaf

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Re: Zimbabwe's broken the world record - 100 Trillion Dollars!
« Reply #5 on: January 17, 2009, 01:25:14 AM »
For comparison, there's a nice collection of Hungarian hyperinflation banknotes here. The same number as on the Zimbabwe note (but written in letters, not numbers) is on the note of szazmillio milpengo (100 million milpengo, where a milpengo is 1000 pengo). See the picture at the bottom.

Peter
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Offline chrisild

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Re: Zimbabwe's broken the world record - 100 Trillion Dollars!
« Reply #6 on: January 17, 2009, 02:16:04 AM »
Well, had the government in Zimbabwe not cut off a couple of zeros last year, the denominations would look about as "impressive" as those Hungarian notes ... ::)

By the way, at the bottom of that page Tom Chao writes "Forint is now pegged to Euro." Huh??

Christian

Offline humpybong

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Re: Zimbabwe's broken the world record - 100 Trillion Dollars!
« Reply #7 on: March 10, 2009, 12:00:24 PM »

I have already received my 100 Trillion Dollar note for my collection.

My Zimbabwe collection is growing so fast at the moment with new notes being issued on a regular basis.

They are good converation pieces at coin club meetings as well.
Barry



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Offline Harald

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Re: Zimbabwe's broken the world record - 100 Trillion Dollars!
« Reply #8 on: March 10, 2009, 08:39:01 PM »
This banknote was issued together with the currency reform of January 29, means it is 10^14 ZWR or 100 ZWD, pre- and post-reform currencies are supposed to circulate in parallel until end June 2009.

Face value st the moment (March 10, 8.30pm GMT+1) is about 1 USD (rate is ~126:1).

BTW, Germany had the same denomination at the peak of its hyperinflation (in German 10^12 is called billion).

cheers
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Harald
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Offline a3v1

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« Reply #9 on: March 19, 2009, 12:38:45 PM »
It looks as if Zimbabwe has run out of ideas for new designs.
Only the colour and numbers differ.
Regards,
a3v1
Over half a century of experience as a coin collector.
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Money is like body fat: If there's too much of it, it always is in the wrong places.

Offline Bimat

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« Reply #10 on: March 19, 2009, 02:37:35 PM »
It looks as if Zimbabwe has run out of ideas for new designs.
Only the colour and numbers differ.
Regards,
a3v1
Quite right.The design is really bad..At-least considering its (momentary) high face value,they should have something interesting design..
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline chrisild

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« Reply #11 on: March 19, 2009, 03:12:20 PM »
Seems that the Zimbabwe dollar is not really used any more; even the new government coalition says so. http://www.istockanalyst.com/article/viewiStockNews/articleid/3128954  Guess that under these circumstances it makes no sense to invest much in the design ...

Christian

Offline bruce61813

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Re: Zimbabwe's broken the world record - 100 Trillion Dollars!
« Reply #12 on: March 19, 2009, 04:47:40 PM »
 ;D I don't normally collect bills, but it would be fun to have a couple of these, so I can see the future of the US dollar.

Bruce

Offline Figleaf

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Re: Zimbabwe's broken the world record - 100 Trillion Dollars!
« Reply #13 on: May 27, 2009, 09:48:44 PM »
Using banknotes as wallpaper is not an original idea (it was tried in Germany before), but it remains spectacular.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline bruce61813

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Re: Zimbabwe's broken the world record - 100 Trillion Dollars!
« Reply #14 on: May 28, 2009, 05:36:37 AM »

well i did get one of the 1,000.000 dollar bills from 2008, I should get one of the 1,000,000,000, but I have run out of pocket change... ;D

bruce