I am gonna be a millionaire!
Just finished yet another silver order from a seller on Facebook I trust and he had a hilarious item I just couldn't resist.
The red-colored Zimbabwe 500 Million Dollar Bearer Cheque with a dimension of 148 x 74 mm was issued in 2008. The banknote's obverse side features the Reserve Bank of Zimbabwe logo and the denomination in the center. With the signature of Governor Dr. G. Gono printed on the left. The reverse side of the note highlights the Kariba Dam on the Zambezi River and a tigerfish flying out of the water. The note is equipped with a solid security thread with a demetalized RBZ, Zimbabwe bird Type C watermark, and electrotype RBZ. source
The price we agreed at was 5 euro. Not bad for 500 hundred million dollars ๐๐๐๐๐๐๐๐ฅณ๐ฅณ๐ฅณ
On a serious note, I did some googling, I think 5 euros is a fair price considering the quality I'll be getting and the prices I saw on various sites like eBay.
As you have probably guessed, the note came out during a hyperinflationary time for Zimbabwe. I asked Chatgbt what I could buy with it when it came out and my god... If the bot is right... Shit was even worse then I imagined!
During the time when the red-colored Zimbabwe 500 million dollar bearer cheque was in circulation, the hyperinflation in Zimbabwe was so severe that its value would have been extremely low. At the height of Zimbabwe's hyperinflation in 2008, the inflation rate was estimated to be around 79.6 billion percent, which means that the value of Zimbabwean dollars was rapidly declining, and prices were rising dramatically every day.
To give you an idea of the scale of hyperinflation, in mid-2008, a loaf of bread reportedly cost around Z$100 billion, and the price would have continued to rise rapidly. At that time, the 500 million dollar bearer cheque would not have been sufficient to buy even a small item such as a loaf of bread. In fact, during that time, people were using foreign currencies, such as the US dollar or South African rand, to buy basic necessities.
It's worth noting that the Zimbabwean government has since introduced a new currency, and the hyperinflation period is over. However, during the hyperinflation period, the value of the Zimbabwean dollar was so low that it was practically worthless, and the 500 million dollar bearer cheque would have been insufficient to buy even the most basic necessities.
"the inflation rate was estimated to be around 79.6 billion percent"
Lol! That's a lot of zeroes ๐
I guess you could treat it as toilet paper back then and try to exchange it for other goods ๐๐๐๐
Anyways, can't wait to receive this item. It will be fun to have! Although we the policies our world leaders seem to take maybe we are about to see more fun items like this soon! ๐ค๐
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