Jul 19, 2008 9:06pm
Zimbabwe announces $100 billion banknotes, worth one U.S. dollar, will go into circulation Monday. Once-prosperous Zimbabwe has seen an unprecedented economic meltdown since it gained independence in 1980, with the official inflation rate now at 2.2 million percent. The ZBW 50 billion dollar note pictured above sold on eBay for just under USD 120 (it’s worth $0.50). Zimbabwe announces $100 billion banknotes, worth one U.S. dollar, will go into circulation Monday.
Once-prosperous Zimbabwe has seen an unprecedented economic meltdown since it gained independence in 1980, with the official inflation rate now at 2.2 million percent.

The ZBW 50 billion dollar note pictured above sold on eBay for just under USD 120 (it’s worth $0.50).
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