November 06, 2008
Help
I recently received this email from a student:
She [a relative living in Zimbabwe] wanted to know the name of this figure: 10,000,000,000,000,000,000,000,000 (1 with 25 zeroes) ?
This figure is the equivalent of what 1 trillion dollars is today, however in the old currency (before they knocked 13 zeros off). The banks actually took off another 6 zeros last week as their systems couldn’t handle the numbers anymore.
I don't know the name of that number--anyone? Bueller?
BTW, Cato has a nifty page on Zimbabwe's hyperinflation.
UPDATE: A kind reader informs me the number is 10 septillion.
Posted by E. Frank Stephenson at 10:21 AM in
Economics