If you’re a collector of the odd and interesting collector’s items in particular, you may want to take a look at the Zimbabwean 10 billion dollar bank note. It was issued in 2008, during the heat of hyperinflation. And yes, despite being 10 billion Zimbabwean dollars, it barely pays for a loaf of bread.
Hyperinflation was a serious problem in Zimbabwe back in 2004 to 2009. The government printed lots of money as a payment for the war in the Congo. As the supply of money increased, prices began to rise higher than in the case of regular inflation.
Apart from the oversupply of money, confiscation of private farms from landowners also contributed to hyperinflation. The use of Zimbabwean dollar was discontinued in 2009; the national currency was eventually demonetized in 2015. In place of the Zimbabwean dollar, the country now accepts and uses currencies from other countries, including the US dollar, euro and Japanese yen.
A 10-billion dollar Zimbabwean bank note could now have been a mere paper since it was demonetized. However, the tides have been turned. Because it is no longer legal tender in Zimbabwe, the 10 billion bank note is now a sought-after collector’s item online, and so far it has been turning a tidy profit. It’s a good investment too!
Who would have thought that a “worthless” 10 billion Zimbabwean bank note is now a hot commodity? If you are a passionate collector of coins and notes, you might not want to miss the 10 billion Zimbabwe dollar bank note which has an interesting history behind it.