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 Replies: 12 / Views: 4,643 |
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Banned
New Zealand
306 Posts |
The Bearer Cheques & Traveller's from Zimbabwe are now listed in Pick.The smallest value is the Z$5,000 & the highest value is the Z$100,000 one.It is not only the Reserve Bank of Zimbabwe's issues that are listed in Pick,but the 2003 & 2004 issued by Cargill Cotton at its 85 Robert Mugabe Road,Harare branch are also listed.The Cargill
Cotton ones are very scarce,as is the 2 highest values in the Traveller's Cheques.These notes are of interest to me,as Zimbabwe is a British Commonwealth-associated country whose economy has gone down the pan,thanks to the insane policies of Robert 'Crazy Bob' Mugabe & his barbaric Z.A.N.U.-P.F. regime.These notes are the only positive thing to have come out of Zimbabwe since 2003.Zimbabwe has been named as one of the Outposts of Tyranny (the supplimentary list to the Axis of Evil.).I have managed to get one of the Z$10,000 Bearer Cheques,but
I have a contact overseas who is looking out for some Zimbabwean notes
for me.
Aidan.
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New Member
United States
28 Posts |
Hi Aidan,
I don't know if you'll check this post since it's so old, but maybe you could answer some questions for me. I have a connection to Zimbabwe, having studied there years ago. When I was a student there the highest bank note was $20. On a later trip the highest was $100. Since then I know things have gotten pretty crazy.
But my question is, what is a bearer cheque? I have seen pictures of them and figured that they are some form of emergency currency, but why not just issue regular bills?
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Banned
 New Zealand
306 Posts |
A Bearer Cheque is just another way of saying emergency banknote.The highest one is now the $50,000 one,which is purple & has Victoria Falls on the back.
Aidan.
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New Member
United States
28 Posts |
My last letter I got from Zimbabwe has $110,000 in postage on it. When I was there in 1989 no one would even give you change for $20. What a difference 17 years can make.
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Valued Member
Australia
281 Posts |
Thats hyperinflation for you, I heard that the inflation rate in Zimbabwe is at 900%. That is one country well on its way to becoming a "failed state".
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New Member
United States
28 Posts |
Yes, it's sad but true. My friends there basically spend all of their salaries as soon as they are paid because the price of goods goes up so much. The problem is compounded by the fact that there's not much to buy. And then the banks limit the amount of currency you can withdraw...it just never ends. And to think I had a friend that used to bake Robert Mugabe chocolate chip cookies because we thought he was a nice guy.
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Moderator
 Australia
16806 Posts |
quote:
Originally posted by zimba
But my question is, what is a bearer cheque? I have seen pictures of them and figured that they are some form of emergency currency, but why not just issue regular bills?
I think they need legislation or something like that to issue new banknote denominations. By the time they went through the motions of passing legislation, then proceeding to design, printing and issuing new notes, they'd be worthless. Bearer cheques are quicker to authorise and more cheaply made. quote:
Originally posted by grendelfreak
Thats hyperinflation for you, I heard that the inflation rate in Zimbabwe is at 900%. That is one country well on its way to becoming a "failed state".
Not a failed state, just a failed economy. Of course, once enough people decide that the only way to fix the economy is by removing the regime by any means necesary, then you could easily proceed to a failed state: civil war, anarchy and social breakdown. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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New Member
United States
28 Posts |
Hmmm...that would make sense. I know that at least some of the bearer cheques are printed on paper that was originally intended for the regular issue $50 notes. You can see the number "50" in the underprint. I know that the highest denomination currently is $50,000 (which won't buy you much), and I've heard rumor of a $100,000 coming out soon. Then again, I also heard that the Reserve Bank of Zimbabwe will be ditching the Zim dollar entirely and starting over with a new currency.
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Banned
New Zealand
306 Posts |
Zimba,here's a couple of pictures of the $50,000 Bearer Cheque; https://www.sokwanele.com/thisiszim...rchives/350/ . What I have heard is Zimbabwe is planning to carry out a currency reform,thus adopting a New Zimbabwean Dollar.Its value will also end up going downhill as well as the current Zimbabwean Dollar has,given the fact that Z.A.N.U.-P.F.'s economic policies is proof of how braindead Robert 'Crazy Bob' Mugabe & his crowd really are.Whatever comes out of Zimbabwe in the numismatic line,I will be interested in.I will be listing all Zimbabwe's coins & banknotes here; https://www.bcnumismaticproject.com once it has been set up for me. Edited by Aidan Work
04/17/2006 9:59 pm
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New Member
United States
28 Posts |
Yeah, well, if he just chops off some zeroes and doesn't address the problems in the economy then not much will change. I have a lot of sympathy for my friends that still live there. BTW, I just saw that it costs $450000 to mail a letter from Zim to the US now.
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Banned
New Zealand
306 Posts |
Zimba,I wouldn't be too surprised if there were higher & higher denominations of Bearer Cheques being foisted on the Zimbabwean people.A $1,000,000 Bearer Cheque would be worth collecting,if the Reserve Bank of Zimbabwe decides to issue a note of that denomination.
Aidan.
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Pillar of the Community
Australia
853 Posts |
Now I can see why the Zimbabwe cricket team wants to be paid in US$ and why the ZCB wants to pay them in ZIM$.
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Banned
New Zealand
306 Posts |
I do know why the Zimbabwean cricket team want payment in US$.It is because very few people trust the Reserve Bank of Zimbabwe & the barbaric Z.A.N.U.-P.F. regime,& their crackpot policies.No wonder Zimbabwe is a genuine banana republic.The sooner that Robert Mugabe goes downstairs to that Lake of Fire in Hell,the better! Ian Smith's policies weren't
really that bad.The Rhodesian economy was booming,
despite the sanctions that were imposed as a direct result of the Unilateral Declaration of Independence back in November 1965.Rhodesia was the breadbasket of
southern Africa.Now Zimbabwe doesn't have enough food
to feed the innocent people of Zimbabwe,because the food has been stolen by Mugabe,his family,& his pals.
Zimbabwe is a real basket-case,literally.
Aidan.
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Replies: 12 / Views: 4,643 |
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Posted 04/13/2006 12:54 am
