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 Replies: 19 / Views: 6,960 |
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Pillar of the Community
United States
1840 Posts |
100,000,000,000; it reminds me of Doctor Evil from the Austin Powers movies.
The funny thing about these notes is that they have expiration dates of less than a year after they were printed. I guess minimally they'll make money off of collectors who don't return them to circulation.
Edited by snowman
07/21/2008 8:03 pm
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Pillar of the Community
United States
790 Posts |
I just came across a Zimbabwe 1c from 1994. Not that long ago I guess 1c was worth something. So a $100,000,000,000 would buy $10,000,000,000,000 cents (is that 10 trillion!).
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Pillar of the Community
United States
5318 Posts |
If they marketed these right, perhaps they could sell these to currency collectors for $1 each and help support their currency?
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Pillar of the Community
United States
790 Posts |
They could probably sell them for a lot more on hsn.
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Valued Member
United States
77 Posts |
If the U.S were to do that, who do you think would be on the note? Hypothetically speaking of course that the U.S. would make a billion dollar note.
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Valued Member
United States
100 Posts |
How many US dollars is this 100,000,000,000 dollar note worth?
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Pillar of the Community
United States
1840 Posts |
According to https://www.xe.com1.00 USD = 18,681,527,512.36 ZWD -or- 100,000,000,000.00 ZWD = 5.35 USD |
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Pillar of the Community
United States
790 Posts |
Until you blink, then its only worth half that!
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Rest in Peace
 United States
2668 Posts |
Which one?  |
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Pillar of the Community
Germany
1238 Posts |
Ah, the time of the many zeros will soon be over ... for a while. As from 1 August, Zimbabwe will have a "New Dollar". Ten billion old dollars will then be one New Zimbabwe Dollar.
Christian
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Pillar of the Community
Poland
3201 Posts |
However, changing the name without any economic measures, will merely "cut the zeroes" and nothing more. Reminds me of Hungary 1945/6. They also did that.
Or are there any reforms planned?
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Pillar of the Community
Germany
1238 Posts |
Don't think that any economic reforms are planned in Zimbabwe. According to this BBC article for example http://news.bbc.co.uk/2/hi/africa/7532702.stm the primary reason is just to keep the money "manageable". Too many zeros are difficult to handle for most people but also for quite a few machines ... And then, well, all those zeros look bad. So for a while Zimbabwe will have fairly "normal" denominations, I suppose. How long that will last - who knows. Christian |
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Pillar of the Community
Poland
3201 Posts |
Zeroes have been cut today, the new banknotes are available at banks.
Prices increase several times a day. The govt faces difficulty in having to print even more money.
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Rest in Peace
United States
2668 Posts |
From the previous link: Quote:
.....Mr Mugabe blames Zimbabwe's economic problems on white businessmen and Western sanctions, rather than his own policies...... I recommend he keep his plane and pilot ready. |
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Valued Member
United States
417 Posts |
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Replies: 19 / Views: 6,960 |
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First Page
Posted 07/20/2008 9:32 pm
