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Gideon Gono
Original analysis of the places, policies, institutions and cultural worlds that shape our lives.
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- Economic AuditZimbabweRead audit ↗
Why Did Zimbabwe Need a $100 Trillion Banknote? How Did Hyperinflation Get So Bad?
Announced in January 2009, the blue note carried fourteen zeros, yet Reuters reported that its informal-market value on 16 January was roughly US$33. That was a dated snapshot, not an official exchange rate. The note itself bore a 2008 date. How did Zimbabwe reach such an extraordinary denomination?