Imagine how easy negotiations with Dr. Evil would be if he asked for a ludicrous amount of money and we paid him with a single $100 trillion bill. And no, it’s not Monopoly money either, this excessively large legal tender is legitimate and is Zimbabwe’s highest denomination.
If we were to get technical, many citizens of Zimbabwe are actually trillionaires, but that doesn’t mean much since the Zimbabwe dollar is all but abandoned as national currency due to runaway inflation. Foreign currencies such as the American dollar are now the accepted legal tender of the people of Zimbabwe. Still, with that many zeros behind a dollar sign, I’m sure even Bill Gates would have been bug-eyed.
So how much would it cost for you to own your very own $100 trillion bill? Well, you can actually pick one up on eBay for a modest $5.
Photo Credits: Crisis Boom
Why This Trend Is Growing
- Abandoned National Currency
- Disruptive innovation opportunity: Explore new forms of digital currency to replace abandoned national currencies in countries with high inflation.
- Foreign Currency Adoption
- Disruptive innovation opportunity: Develop platforms or services that facilitate the adoption and use of foreign currencies as legal tender in countries experiencing economic and currency challenges.
- High Denomination Banknotes
- Disruptive innovation opportunity: Design and introduce new banknotes with higher denominations to accommodate extreme inflation and facilitate transactions in countries with hyperinflation.
Industries Being Reshaped
- Fintech
- Disruptive innovation opportunity: Create innovative fintech solutions for digital currency exchange and cross-border transactions in countries with abandoned national currencies.
- E-commerce
- Disruptive innovation opportunity: Build e-commerce platforms that connect buyers and sellers of foreign currencies as a reliable means of exchange in countries with high inflation.
- Currency Printing
- Disruptive innovation opportunity: Develop advanced currency printing technologies and solutions to produce high denomination banknotes required for extreme inflation economies.
