Gradually, Then Suddenly
ZIM88, 2008, 10 Trillion ZWR

Slot Comment:

3rd Dollar Banknote AA Prefix $10,000,000,000,000

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Note Details

 

Set Details

Note Description: 10 Trillion Dollars 2008
Grade: 66 EPQ
Country: Zimbabwe
Note Number: ZIM88
Signatures/
Vignettes:
- Sign. #8
Certification #: 1535774-024
Owner: Revenant
Set Category: World
Set Name: Gradually, Then Suddenly
Slot Name: ZIM88, 2008, 10 Trillion ZWR
Research: See PMG's Census Report for this Note

Owner's Description

It's interesting to note that the highest "Billion" denomination is 50 Billon dollars and the lowest "Trillion" denomination is 10 Trillion Dollars. There is no 100 Billion. There is no 200 Billion. There is no 500 Billion. There is no 1 or 5 Trillion banknote. By this point in time the inflation situation had gotten so far out of control that they had to skip all of that and go right for denominations of 10 to 100 Trillion dollars. As a result, from ZIM87 to ZIM88 the face value of the note jumps by a factor of 200. In August 2008 the exchange rate was ZWR$1,780 to US$1. By November 2008, the exchange rate was ZWR$669,000,000,000 to US$1.

A report by the BBC dates the announcement of this note to the 16th of January 2009. That’s just 6 days after a news story ran with CNN, reporting the announcment of the $20 Billion and $50 Billion notes.

The Zimbabwe regular banknotes feature an image of the Chiremba balancing rock formation - three balancing rocks that are in Matobo National Park. The image of the stones was chosen as a metaphor for balancing development and environmental protection following the country’s transition from white-ruled Rhodesia to the majority black ruled Zimbabwe. The Matobo Hills are composed entirely of granite and it makes for some unique and interesting formations.

The back side of the Trillions Series banknotes all feature a pair of images that have some kind of national, cultural or economic significance to Zimbabwe. These images are different on each denomination though some of the images seem to have been used more than once on different denominations throughout the series.

The 10 Trillion dollar banknote juxtaposes an image of a modern building, likely symbolic of the progress and development the country had made, with an image of the Great Zimbabwe Ruins. This image of a modern city building / high-rise also appears on ZIM71 (1000 ZWR), and ZIM87 (50 Billion ZWR). Depictions of the Great Zimbabwe ruins are seen as far back as the 1st dollar, with ZIM8. However, this appears to be artwork introduced with the 3rd dollar series and it was a heavily used fixture of the series. It appears on ZIM69 (100 ZWR) ZIM77 (1 Million ZWR) ZIM78 (10 Million ZWR), ZIM79 (50 Million ZWR), ZIM86 (20 Billion ZWR), and ZIM87 (50 Billion ZWR). The 10 Trillion and 50 Billion Notes (ZIM87 and 88) are sequential notes in the series and use the same images, but the positions of the images are reversed, and they use different colors.

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