Zimbabwe unveils $100 trillion banknote

Link.

"The new 100,000,000,000,000 Zim-dollar bill would have been worth about 300 US dollars (225 euros) at Thursday's exchange rate on the informal market, where most currency trading now takes place, but the value of the local currency erodes dramatically every day.

The move came just one week after the bank released a series of billion-dollar notes, which already are not worth enough for workers to withdraw their monthly salaries.

Inflation was last reported at 231 million percent in July, but the Washington think-tank Cato Institute has estimated it now at 89.7 sextillion percent -- a figure expressed with 21 zeroes."


How the fuck does something like this happens? This is utterly insane. Zimbabwe has reached the point where it might seriously be prudent to go back to the fucking barter system.

what's worse is the west is too distracted with their own battles of economy crisis to even pay attention right now.
the barter system's a good idea... it worked once before!

i think this may be a giant step backwards in productivity

"just the gum then?"
" yes thats right"

"your change is lets see, eighty-eight trillion and one, eighty-eight trillion and two, eighty eight trillion and three..

That's a lot of money. I wonder how many goats that would buy? 60,000 sound right?