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The magnitude of the currency scalars signifies the extent of the hyperinflation. Zimbabwe's inflation of almost 25,000% in 2007. Hyperinflation in Zimbabwe is an ongoing period of currency instability in Zimbabwe which, using Cagan 's definition of hyperinflation, began in February 2007. During the height of inflation from 2008 to 2009, it was ...
According to the U.S. Department of Treasury website, "The present denominations of our currency in production are $1, $2, $5, $10, $20, $50 and $100. The purpose of the United States currency system is to serve the needs of the public and these denominations meet that goal. Neither the Department of the Treasury nor the Federal Reserve System ...
The United States dollar ( symbol: $; currency code: USD; also abbreviated US$ to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries.
The United States one hundred-thousand-dollar bill ( US$100,000) is a former denomination of United States currency, issued for two years from 1934 to 1935 as designated for Federal Reserve use. The bill never circulated publicly, rather having been used as a large denomination note for gold transactions between Federal Reserve Banks.
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then $100 changed hands in the course of a year, even though there is only $50 in this little economy. That $100 level is possible because each dollar was spent on new goods and services an average of twice a year, which is to say that the velocity was 2 / year {\displaystyle 2/{\text{year}}} .
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