![This country once had a paper currency worth 100 trillion, here's what it looks like.](https://cdns.klimg.com/mav-prod-resized/480x/ori/feedImage/2024/5/27/1716815689133-li2c.jpeg)
![This country once had a paper currency worth 100 trillion, here's what it looks like.](https://cdns.klimg.com/mav-prod-resized/480x/ori/feedImage/2024/5/27/1716815689133-li2c.jpeg)
"Dream - Zimbabwe is one of the countries that experiences rare inflation. This small country in Africa is facing hyperinflation, where inflation rises by more than 50 percent in one month."
From 2007 to 2009, hyperinflation in Zimbabwe increased dramatically and became extremely high, reaching around 79 billion percent. As a result, prices rose so rapidly that people were unable to afford goods and services.
The currency used at that time was the Zimbabwe Dollar. The economy was managed very poorly, resulting in new paper money denominations breaking records every week.
The denomination of paper money initially ranged from thousands, then hundreds of thousands, then millions, billions, and finally trillions with 14 zeroes at the end.
According to Bank Note World, the largest denomination of Zimbabwean dollar is 100 trillion Zimbabwean dollars, followed by 50 trillion, 20 trillion, and 10 trillion.
After a period of hyperinflation, the newly introduced Zimbabwe Dollar was used for a short period of time. There were also foreign currencies used as legal tender, and then in 2016, the fifth generation Zimbabwe Dollar was introduced.
The following is the translation of the provided 'Bahasa' text to 'English' while preserving the html tags: "The Dollar was initially named Bond Dollar, but in 2019 its name was changed to RTGS Dollar. The available denominations currently range from 2, 5, 10, 20, 50, 100 Dollars."
The economic problem in Zimbabwe started when the land reform policy implemented by former leader Robert Mugabe caused a massive exodus of skilled workers who had been trained by farmers and multinational companies. This includes doctors, nurses, engineers, and managers from large-scale commercial farming operations that were handed over to Zimbabwean citizens.
The result is a sharp decline in productivity in previously highly productive farms. Another factor is widespread and unknown corruption.
The Secretary General of the Ministry of Manpower said that foreign workers in Indonesia contribute significantly to the national economy.
Read MoreThe leader of Emaar Properties company from the United Arab Emirates, Mohamed Ali Rashed Alabbar, visited IKN
Read MoreJokowi also mentioned the budget plan to create new applications this year alone reaching Rp6.2 trillion.
Read MoreNot only civil servants, TNI-Polri and BUMN, now private worker salaries are also deducted for Tapera savings.
Read MoreMeanwhile, in the railway and air transportation sectors, there tends to be no problem.
Read MoreIf the warning issued is not heeded by the LPG distributors, their business permits will be suspended or revoked.
Read MoreIn addition to the civil servant formation, the time for transferring civil servants to IKN has also been changed.
Read MoreThese two brands dominate the list of the top 10 best-selling smartphones in 2024
Read MoreRelated to buying sacrificial animals on Eid, recently, there was a touching and viral story on social media.
Read MoreMultilane free flow (MLFF) is regulated in Government Regulation (PP) Number 23 of 2024 concerning Toll Roads.
Read MorePresident-elect Prabowo Subianto has changed the term 'free lunch' to 'free nutritious meals'.
Read MorePassing a job interview is the dream of many people, especially if they pass the desired job test.
Read MoreSeveral new tolls are targeted to be operational by mid-year
Read MoreSo what makes airplane ticket prices expensive, especially domestic ones?
Read MoreThe Suite Class Compartment train has services like first class on a plane
Read MoreThe job of a tea stand guard is intended for women aged 17 to 25.
Read MoreThe film "Vina: Sebelum 7 Hari" has achieved success with an audience of now reaching 5 million.
Read MoreSeeing the number of applicants, the owner of the seblak stall considers that Indonesia is currently experiencing a job crisis.
Read More