100 Trillion Dollar Bill

Zimbabwe's 100 Trillion Dollar Note. This is a highest denominated note ever issued.

What is 12 Zero's Amoung Friends?

Zimbabwe dollar sheds 12 zeros

Notes valued at millions of Zimbabwe dollars have been virtually worthless

Zimbabwe is revaluing its dollar again, removing twelve zeros from the currency with immediate effect.

The country's central bank is introducing seven new notes in an effort to stave off economic collapse.

The country is in the grip of world-record hyperinflation. The most recent estimate in July 2008 put it at 231m%.

Only last month, a Z$100 trillion note was introduced and the government moved to allow people to use foreign currencies alongside Zimbabwe's dollar.

The announcement will see Z$1 trillion reduced to Z$1.

The denominations of the new notes are Z$1, Z$5, Z$10, Z$20, Z$50, Z$100 and Z$500. (More)

Glen Beck explains the money supply.

Trillions out of thin air like never defore

What Ten Trillion Looks like

This Ten Trillion Zimbabwe Dollar note is the largest bank note ever printed. As of Jan 23rd this note was worth 75 US cents. Zimbabwe also plans to print 100 Trillion Note.

RBZ unveils $10, $20, $50 and $100 Trillion Notes

Forget $100 Billion or even 1 Trillion lets jump to $10 Trillion. The Zimbabwe Herald Reports:

THE Reserve Bank of Zimbabwe has introduced a new family of trillion-dollar banknotes in denominations of $100 trillion, $50 trillion, $20 trillion and $10 trillion that go into circulation today, starting with the $10 trillion note.

The $20 trillion, $50 trillion and $100 trillion notes will be introduced gradually.

In a statement yesterday, the Reserve Bank of Zimbabwe said the notes would ensure that those in formal employment withdraw their salaries with minimal hassle.

‘‘In a move meant to ensure that the public has access to their money from banks, the Reserve Bank of Zimbabwe has introduced a new family of banknotes which will gradually come into circulation, starting with the Z$10 trillion,’’ read the statement from the RBZ.

With effect from January 12, workers can now withdraw their entire January salary in cash as long as they produce their current payslips.

The new notes have the same security features as the existing ones: a colour shift stripe with RBZ printed on it, the Zimbabwe Bird colour shift on the front, and see-through of the values on either side which are in perfect register.

The $10 trillion note has the image of the RBZ Building and the Conical Tower at the Great Zimbabwe National Monuments.

The $100 trillion note has the image of a buffalo and the Victoria Falls, the $50 trillion the Kariba Dam spilling and an elephant, while a mineworker drilling in an underground shaft and the GMB grain silos appear on the new $20 trillion note.

RBZ last week introduced $10 billion, $20 billion and $50 billion notes with a view to enabling workers to access their full salaries

8 Trillion and Counting

US Bailouts are 8 Trillion and counting.

CNN reports.

NEW YORK (CNNMoney.com) -- Sitting down? It's time to tally up the federal government's bailout tab.

There was $29 billion for Bear Stearns, $345 billion for Citigroup. The Federal Reserve put up $600 billion to guarantee money market deposits and has aggressively driven down interest rates to essentially zero.

The list goes on and on. All told, Congress, the Treasury Department, the Federal Reserve and other agencies have taken dozens of steps to prop up the economy.

Total price tag so far: $7.2 trillion. (more)

Bailouts: $7 trillion and rising

Another CNN Report. $7 Trillion out of thin air.

The U.S. government is now willing to spend more than $7 trillion to help rescue the economy. That's about $23,000 for every American, and more than half of U.S. annual gross domestic product. It's a staggering and unprecedented amount of money. (more)