Nine Hundred Trillion Dollars Zimbabwe Emergency Cheques

Nine Hundred Trillion Dollars Zimbabwe Emergency Cheques

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Description

Nine Hundred Trillion Dollars Cheque Description

Extremely Rare Handwritten Trillion Dollars Zimbabwe Emergency ZB Cheques

COMPANY: ZB Bank

DENOMINATION: $900,000,000,000,000

COUNTRY: Zimbabwe

TYPE: Bearer Cheque / Inflation Money / Emergency Currency

Purpose: Issued issued due to a shortage of local and foreign currency (USD/ZAR)

Many emergency cheques were unused and canceled when the currency finally collapsed and the country adopted the US Dollar, GB Pound and South African Rand as day-to-day currencies.

In 2008 and 2009 the state’s central bank printed so much of its currency, the Zimbabwe dollar, that the country experienced mind-boggling hyperinflation that reached 500 billion percent. Immediately before the US dollar was formally adopted in February 2009, $1 could fetch you $35 quadrillion Zimbabwean dollars.

Currency dealers said the plunging value of Zimbabwe dollars made it almost impossible to estimate its value, but some thought it would have been worth no more than a few pounds yesterday — and certainly even less today. See Story: The Daily Mail: Is this the biggest cheque EVER?

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