Product Description
SCWPM.#55b - TBB.#B146b - Date: 1-1-2008Grade: Unc. - Signature: 5 - Prefix: DB
Description: Colour: Red. - Front: RBZ logo.
Back: Tigerfsh, Kariba Dam on Zambezi River, and reservoir.
Solid security thread with demetalized RBZ.
Watermark: Zimbabwe bird Type C and electrotype RBZ.
Printer: (G&D) - Size: 148 x 74 mm. - Material: Paper.
What Is Hyperinflationin Zimbabwe
Hyperinflation is generally characterized by an inflation rate of greater than 50% per month. It rapidly erodes the value of a currency, which leads to economic stagnation, price volatility, and distrust of government monetary policy and authority.
It can take a country decades to recover from the economic impacts of hyperinflation, and if monetary policy is not corrected appropriately, it can easily reoccur.
After peaking at nearly 557% inflation in late 2020, the Zimbabwean dollar has returned to a more modest, double-digit yearly inflation rate. However, as recently as June 2023, annual inflation again climbed to triple digits and reached 172%. These figures are according to data from the IMF.
