
Say, got a spare $10,000,000 on you? That's right, $10 million.
Due to an economic crisis and what reporters are now calling "superinflation,"
Zimbabwe recently issued a note denominated 10 million Zimbabwe dollars.
Sadly, the exchange value for a Zimbabwe $10 million note
is about U.S. $4 on the black market.
Or,
as this only slightly older story says, "A regular loaf of bread would cost US$25 (€18) at the official exchange
rate of 30,000-1 or between 40 and 15 U.S. cents at the sharply veering
unofficial rate of between 2 million-1 and 5 million-1."
The cost of a hamburger, which each story attempts to use as an example, apparently varies. Maybe these reporters should switch to pizza.
The previous highest denomination note, $750,000, was also a Zimbabwe issue introduced a month or so ago.
An upcoming issue of
Bank Note Reporter will show images of some of these notes.
Added 03/17/2008: I've now posted here the images of the front and back of the new $10,000,000 note that appeared in the March issue of Bank Note Reporter. The images were provided courtesy of Frank van Tiel.