I'm $100 trillion poorer

Gareth Brown looks at the current worth of the Zimbabwean $100 trillion note.

By Gareth Brown · 17 Jun 2015

By Gareth Brown ·
17 Jun 2015

I've got one of these Zimbabwean $100 trillion notes, a present from Steve a few years ago. According to the Financial Times, Zimbabwe is 'demonetising' and such notes will soon be officially worthless (they already functionally are).

Oh well. Being a multi-trillionaire was nice while it lasted but, as someone who shuns corporate jets, fancy cars, bottled water and the like, it had surprisingly little impact on my day-to-day existence.

The worth in my $100 trillion note isn't in what some banker will pay for it. It's in the reminder of the fleeting nature of such things. Value is entirely dependent on who or what stands behind something.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

I'm $100 trillion poorer

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