Episode 56 • • 21:31 - 24:59
56: 100 Billion Dollars!
Zimbabwe Hyperinflation and the 100 Billion Dollar Note
The Reserve Bank of Zimbabwe issued a 100 billion dollar note, a stark symbol of the country's extreme hyperinflation. The note, which features security watermarks and a December 31, 2008 expiration date, serves as a warning about the consequences of government-controlled printing presses. There is speculation that the U.S. dollar could eventually face similar devaluation issues.