Sometimes the value of money can be misleading. Case in point, most people would believe that winning a 100 million Dollars would set you up for life. Not, however, if those Dollars were from the African country of Zimbabwe. Let’s take a look at what happens when perfectly good money goes bad.
Last week we took a look at the amazing $10,000 US Dollar bill, well this week we are going to be looking at some slightly higher (yet massively lower value) Dollar bills.
Meet the Z$100,000,000.00 Dollar Bill:
When it was first introduced in 1980 the Zimbabwean Dollar was one of the most highly valued currencies in the world. Over the course of 19 years this currency slid to become one of the least valued in the world. Political turmoil, economic meltdown and rampant hyperinflation saw the Zimbabwean Dollar drop massively in value.
The currency underwent three re-denominations producing the amazing Z$100 TRILLION Dollar bill along the way. It was eventually discarded in 2009 and the country now uses foreign currencies including Pound Sterling, Euro, US Dollar and currency from its more stable neighbouring countries Botswana and South Africa.
An Amazing Economic Oddity
In 1983 $1 USD would get you Z$1. By 2002 the exchange rate had crashed to $1USD being worth Z$1,000.00! By the end of its lifespan in 2009 $1 USD was worth an unbelievable Z$ 300,000,000,000,000.00 (300 trillion)!
Below you can see the amazing economic oddity of the Z$100 trillion Dollar Bill. The artwork on the note features images of the beautiful and unique Chiremba Balancing Rocks in Epworth, Harare.
The ad agency TBWA Hunt Lascaris created the ‘Trillion Dollar’ campaign to help promote the plight of the politically active Zimbabwean newspaper. The campaign featured adverts printed on trillion Dollar bills instead of paper.
It’s no doubt that the Z$100 trillion Dollar bill has made it into the history books and has come to symbolise a very particular time in a nation’s journey. Z$100 trillion dollar notes are currently on permanent exhibit at the British museum in London.
Play for Pounds, Euros and US Dollars here at PlayHugeLottos.com! Who knows, pretty soon you could be printing your own money!
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