2008 Zimbabwe Hyperinflation Notes 3-pc Set

The Number Of Zeros On These Banknotes Is Mindboggling!

At first glance, it’s hard to believe that these banknotes are real—and who could blame you with denominations ranging from One Billion Dollars to Ten Billion Dollars! It’s simply mind-boggling to think about the number of zeros on these bills and realize just how fast money can depreciate! But that’s just what happened during the hyperinflation crisis during the first decade of the 21st Century when the Central Bank of Zimbabwe issued these notes. Each was distributed in 2008, the worst year for hyperinflation when prices often doubled every 24 hours.

Zimbabwe’s Decade-Long Hyperinflation Problem

Located near the southeastern coast of Africa, Zimbabwe went through a nearly ten-year inflation problem. The Zimbabwean dollar’s inflation rate increased rapidly from 1998 to 2009, reaching a peak of 79,600,000,000% each month in mid-November 2008. Economic mismanagement during this time, including overt attempts by the government to conceal from the public the true value of the currency, led to out-of-control hyperinflation of the Zimbabwean dollar. It got so bad at one point in 2008 that Zimbabwe printed a 100 Trillion Dollar Note—one of the world’s largest-ever denominations of currency!

What Is Hyperinflation?

Hyperinflation, which is typically defined as an inflation rate of greater than 50% per month, quickly devalues a currency, causing the economy to stagnate, prices to fluctuate, and people to lose trust in the government's ability to set monetary policy. A nation afflicted by hyperinflation run amok almost always needs several years to fully recover from the effects of hyperinflation on its economy, and if monetary policy is not adjusted effectively, it can easily reoccur.

Beautifully Designed Uncirculated Hyperinflation Notes

As crazy as these denominations are, each colorful note is beautifully designed with the famous Chiremba Balancing Rocks in Zimbabwe’s Matopos National Park featured on the obverse—a metaphor that is meant to demonstrate the importance of balancing development and the preservation of the fragile environment. The reverse side on the notes showed a variety of illustrations celebrating Zimbabwe’s culture and landmarks. Plus, each note in this 2008 Zimbabwe Hyperinflation Notes Three-Piece Set comes in crisp Uncirculated condition and housed in a presentation “billfold” along with a fact-filled storycard that talks about these impressive and baffling notes. Get yours now!