Product Description
SCWPM.P106a - TBB.B197a - Date: 2020Grade: Unc. - Signature: 6 - Prefix: AA
Description: Colour: Yellow, brown, and black.
Front: English text; Chiremba balancing rocks in Epworth; Zimbabwe bird on star as registration device.
Back: English text; baobab tree; Great Zimbabwe ruins.
Kinetic StarChrome red-to-green windowed security thread with demetalized RBZ 100.
Watermark: Zimbabwe bird and RBZ logo electrotype.
Printer: (De La Rue). - Size: 155 x 66 mm.
Material: Composite (Hybrid).
What Is Hyperinflation?
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.
