Hyperinflation in Zimbabwe is no joke

Zimbabwe $100 trillion note

My last post (about the WITO) was obviously tongue-in-cheek, but hyperinflation in Zimbabwe is no laughing matter. At some point in 2008, for example, the supermarket price of a kilo of tomatoes was $61 billion. Prices were doubling every 24 hours, if you can comprehend such a thing.

Early in 2009 they revalued the currency by chopping twelve zeros(!) off it. The $100 trillion note shown above was replaced by a $100 note.  This scheme only lasted a few months.  The situation began to improve in April 2009 when the country abandoned their currency and people started using the U.S. dollar and the South African Rand.

Two is an odd number

Two Dollar Curl

Another of my meditations on the nature of U.S. banknotes.  This is one of the most mysterious denominations.  In the quantum world of currency two is an odd number.  Peel it back — if you dare.