Friday, June 26, 2009
What Country Experienced Inflation of over a Trillion Percent?
The country that experienced an inflation rate in excess of a trillion percent is Zimbabwe. Inflation was so bad that the country allowed multiple currencies, including the United States Dollar and the South African Rand, as legal tender. It got to the point where Zimbabwe was the first country to issue banknote currency in excess of a trillion dollars, and now the Zimbabwe 100 trillion dollar bill, the highest denomination ever issued, has now become a collectors item in the United States and a popular gift to include with a greeting card.
Posted by Stockerblog at 8:19 PM