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Hyperinflation in Zimbabwe

Author

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  • Janet Koech

Abstract

One hundred trillion dollars?that?s100,000,000,000,000?is the largest denomination of currency ever issued.1 The Zimbabwean government issued the Z$100 trillion bill in early 2009, among the last in a series of ever higher denominations distributed as inflation eroded purchasing power. When Zimbabwe attained independence in 1980, Z$2, Z$5, Z$10 and Z$20 denominations circulated, replaced three decades later by bills in the thousands and ultimately in the millions and trillions as the government sought to prop up a weakening economy amid spiraling inflation.

Suggested Citation

  • Janet Koech, 2011. "Hyperinflation in Zimbabwe," Annual Report, Globalization and Monetary Policy Institute, Federal Reserve Bank of Dallas, pages 2-12.
    • Handle: RePEc:fip:feddgm:00008
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    References listed on IDEAS

    as
    1. Vegh, Carlos, 1991. "Stopping High Inflation: An Analytical Overview," MPRA Paper 20175, University Library of Munich, Germany.
    2. Peter Bernholz, 2003. "Monetary Regimes and Inflation," Books, Edward Elgar Publishing, number 2873.
    3. Mr. Carlos A. Végh Gramont, 1991. "Stopping High Inflation: An Analytical Overview," IMF Working Papers 1991/107, International Monetary Fund.
    4. Makochekanwa, Albert, 2009. "Clothed in rags by hyperinflation: the case of Zimbabwe," MPRA Paper 28863, University Library of Munich, Germany.
    5. World Bank, 2008. "The Migration and Remittances Factbook 2008," World Bank Publications - Books, The World Bank Group, number 6383.
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    2. Elitsa R Banalieva & Alvaro Cuervo-Cazurra & Ravi Sarathy, 2018. "Dynamics of pro-market institutions and firm performance," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(7), pages 858-880, September.
    3. Lilian Tomu & Knowledge Mutodi & Tinashe Chuchu & Eugine Tafadzwa Maziriri, 2021. "The Impact of Dollarization Policy on Zimbabwe Exports: A Gravity Model Approach," International Journal of Economics and Financial Issues, Econjournals, vol. 11(3), pages 55-63.

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