Think the U.S. economy is problematic? It's nothing compared to the economic crisis in Zimbabwe.
Inflation is so bad—believed to be 50,000 percent annually—that Zimbabwe's central bank just began issuing notes worth 10,000,000 Zimbabwean dollars. Yes, 10 million bucks. That's the equivalent of 100 of the bills pictured.
Ten million dollars is believed to be the largest denomination of any currency in the world, but don't get too excited. At the current rate, it could be worthless in a few weeks. According to the BBC, one $10 million note (or bearer cheque, as its called) is worth less than $4 U.S. on the black market. That means the $100,000 cheque pictured is worth less than 4 U.S. pennies.
Gadling pointed us to a blog that describes Zimbabwe's rampant hyperinflation. The writer reports that the new $10,000,000 bill is the same color, layout and design as an old $20 bill (which expired in July). Fifteen months ago, that $20 bill was worth $0.025 USD; that same bill is now worth $0.00000005 USD. Hence, the $10 million note.
To illustrate what that means in daily life, here's how much it cost to buy a beer back in December.
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