 Note that many of these figures should be considered mostly theoretical since hyperinflation did not proceed at this rate over a whole year.At its November 2008 peak, Zimbabwe's rate of inflation approached, but failed to surpass, Hungary's July 1946 world record.On 2 February 2009, the dollar was redenominated for the third time at the ratio of ZWR to 1 ZWL, only three weeks after the $100 trillion banknote was issued on 16 January, but hyperinflation waned by then as official inflation rates in USD were announced and foreign transactions were legalised, and on 12 April the Zimbabwe dollar was abandoned in favour of using only foreign currencies.