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How are these bills now worthless? I can't go to Zimbabwe today and get 100 trillion dollars (2.6 billion USD) from the currency that they printed that is suppo
by batshibstein 4y ago
How are these bills now worthless? I can't go to Zimbabwe today and get 100 trillion dollars (2.6 billion USD) from the currency that they printed that is supposed to be worth that amount?
- fzzt 4y agoMany countries that suffer hyperinflation keep the historical name of their currency, but establish some exchange rate between the "old" and "new" money. Zimbabwe went through four cycles - currency codes ZWD, ZWN, ZWR, and ZWL. Per Wikipedia: "The final redenomination produced the "fourth dollar" (ZWL), which was worth 10^25 ZWD (first dollars)." The ZWL itself was subsequently largely abandoned, too. I believe you'd have more luck transacting in foreign currencies.