In This Country, Everyone was a Trillionaire.

How to pay for a meal in Zimbabwe

But having so much money does not mean that every citizen was super rich. It was just that the value of the money was super small.

This was a phenomenon called Hyperinflation where the rate of inflation was so high, it diminishes the value of the money within days.

The phenomenon happened in Zimbabwe during the last decade. In 2006, the inflation rate exceeds 1000% and from then on, the economy of the country just got worse. By mid November 2008 the inflation rate became 89,700,000,000,000,000,000,000% or 89.7 Sextillion %

The effect of hyperinflation caused the price of goods to sky rocket to dizzying heights. In fact, at the peak of the fiasco, 100 Billion Zimbabwean Dollars can only buy ONE egg.

In 2009 the currency was effectively abandoned and was replaced with a combination of foreign currencies including US Dollars, South African Rand and Botswana Pula. This system of mixed currencies is still in use until today.



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