In January, the inflation rate in Zimbabwe was estimated to be 150,000% even though the official rate was much lower. Now the official inflation rate is 2,200,000%. That’s quite a rate!
As such, the Zimbabwean central bank has had a tough time keeping up. They’ve just now released a new $100,000,000,000 (that’s 100 billion) bill. The new notes trade for approximately $1 US.
Fortunately, for Zimbabwe, they were able to “democratically” re-elect their fearless and entirely benevolent leader.
