Billions of Zimbabwe Dollars and Zimbabwe Inflation in 2008

Zimbabwe inflation rate reached outstanding 2,000,000% (even more probably) in 2008. For me it’s really hard to image such stupid thing happening to country’s economy. For such a bad Zimbabwe’s situation is responsible Robert Mugabe (president) and his government. They just keep issuing bigger and bigger bills. And I have to say, denominations got ridiculously big: the latest was Z$ 100 000 000 000. And all this happened in the last couple years. Funny things is, that the government has announced a longer-term plan to dispense with the zeroes entirely, turning $10 billion into $1. And then what? $1 to $1billion once again?

On May 15, 2008, it was announced that five hundred million dollar bearer cheques were to be issued as of May 20. It was also announced that agro cheques in the amounts of 5, 25, and 50 billion dollars would be issued on the same day. All of these will be dated to expire at the end of 2008.