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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
    as

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    File URL: https://www.dallasfed.org/~/media/documents/institute/annual/2011/annual11b.pdf
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    References listed on IDEAS

    as
    1. Carlos A. VĂ©gh Gramont, 1991. "Stopping High Inflation; An Analytical Overview," IMF Working Papers 91/107, International Monetary Fund.
    2. World Bank, 2008. "The Migration and Remittances Factbook 2008," World Bank Publications, The World Bank, number 6383, June.
    3. Makochekanwa, Albert, 2009. "Clothed in rags by hyperinflation: the case of Zimbabwe," MPRA Paper 28863, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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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.

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