In 1980 when it was introduced one Zimbabwe dollar was equal approximately to one USD so your note at one time was worth about $2.
In 2005 The Zimbabwean government stated that it would ... exchange Zimbabwean dollars for US dollars at a rate of 1 USD to 35 quadrillion Zimbabwean dollars to accounts with balances above 175 quadrillion Zimbabwean dollars - so essentially all your money was made worthless ...
I just got back from a trip to Zimbabwe (and Botswana) and the locals were selling a bundle of Zimbabwe currency for $10 USD starting price. I ended up buying 2 bundles for $5 USD. My 6 note bundle included a $50,000,000,000 $5,000,000,000 $50,000,000 $1,000,000 $50,000 and a $1,000 note.
GotTheBug
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In 1980 when it was introduced one Zimbabwe dollar was equal approximately to one USD so your note at one time was worth about $2.
In 2005 The Zimbabwean government stated that it would ... exchange Zimbabwean dollars for US dollars at a rate of 1 USD to 35 quadrillion Zimbabwean dollars to accounts with balances above 175 quadrillion Zimbabwean dollars - so essentially all your money was made worthless ...
The big surprise for me is that those 100 trillion $ bills that used to sell to collectors for 2 or 3 dollars now sell for closer to $100.
The sort of hyperinflation that Zimbabwe had also hit Germany in the early 1920s and Hungary after WWII. It is also occurring in Venezuela right now.
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I just got back from a trip to Zimbabwe (and Botswana) and the locals were selling a bundle of Zimbabwe currency for $10 USD starting price. I ended up buying 2 bundles for $5 USD. My 6 note bundle included a $50,000,000,000 $5,000,000,000 $50,000,000 $1,000,000 $50,000 and a $1,000 note.
I gave $5 for this.
I got this one in trade for a cup of coffee.
This example recently sold for almost $400!!! The high grade got some folks really fighting hard for this one at auction.
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