So this happened: Zimbabwe phases out local currency at 35 quadrillion to US$1.
In short, Zimbabwe’s dollar faced record-breaking levels of inflation. They’ve decided to standardize themselves against the US dollar. The result? “People with accounts of up to 175 quadrillion (175,000,000,000,000,000) Zimbabwean dollars will be paid $5.” When I next discuss Graham’s Number with someone, I’ll add 175,000,000,000,000,000 as an example of a “useful number.”
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Rob Bodine is a Virginia attorney focusing his practice on real estate and intellectual property law. He’s currently Virginia counsel with First Class Title, Inc., a Maryland title insurance and settlement company. Rob is also a licensed title insurance agent in Florida, Maryland, Pennsylvania, and Virginia.