The Zimbabwean dollar has been called a "laughing stock" on the heels of the introduction of a Z$100 trillion note.The Zimbabwean dollar is subdivided into 100 cents. It is normally abbreviated with the dollar sign $, or alternatively Z$ to distinguish it from other dollar-denominated currencies. The country's world-record hyperinflation, 231,000,000% in July 2008, has left the Zimbabwean dollar virtually worthless.
Friday, June 12, 2009
Zimbabwe's Trillion Dollar Notes
In January of this year, Zimbabwe's acting Finance Minister Patrick Chinamasa announced Zimbabwean's will be allowed to "conduct business in other currencies, alongside the Zimbabwe dollar, in an effort to stem the country's runaway inflation."