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Hyperinflation in Zimbabwe

Author

Listed:
  • Janet Koech

Abstract

One hundred trillion dollars?that?s100,000,000,000,000?is the largest denomination of currency ever issued.1 The Zimbabwean government issued the Z$100 trillion bill in early 2009, among the last in a series of ever higher denominations distributed as inflation eroded purchasing power. When Zimbabwe attained independence in 1980, Z$2, Z$5, Z$10 and Z$20 denominations circulated, replaced three decades later by bills in the thousands and ultimately in the millions and trillions as the government sought to prop up a weakening economy amid spiraling inflation.

Suggested Citation

  • Janet Koech, 2011. "Hyperinflation in Zimbabwe," Annual Report, Globalization and Monetary Policy Institute, Federal Reserve Bank of Dallas, pages 2-12.
    • Handle: RePEc:fip:feddgm:00008
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    References listed on IDEAS

    as
    1. Vegh, Carlos, 1991. "Stopping High Inflation: An Analytical Overview," MPRA Paper 20175, University Library of Munich, Germany.
    2. repec:wbk:wbpubs:6383 is not listed on IDEAS
    3. Peter Bernholz, 2003. "Monetary Regimes and Inflation," Books, Edward Elgar Publishing, number 2873.
    4. Mr. Carlos A. Végh Gramont, 1991. "Stopping High Inflation: An Analytical Overview," IMF Working Papers 1991/107, International Monetary Fund.
    5. Makochekanwa, Albert, 2009. "Clothed in rags by hyperinflation: the case of Zimbabwe," MPRA Paper 28863, University Library of Munich, Germany.
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    Cited by:

    1. Elitsa R Banalieva & Alvaro Cuervo-Cazurra & Ravi Sarathy, 2018. "Dynamics of pro-market institutions and firm performance," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(7), pages 858-880, September.
    2. Lilian Tomu & Knowledge Mutodi & Tinashe Chuchu & Eugine Tafadzwa Maziriri, 2021. "The Impact of Dollarization Policy on Zimbabwe Exports: A Gravity Model Approach," International Journal of Economics and Financial Issues, Econjournals, vol. 11(3), pages 55-63.
    3. Rösl, Gerhard & Seitz, Franz, 2024. "Uncertainty, politics, and crises: The case for cash," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 5(3).

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