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$200 Million Note!

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Pillar of the Community
karrlot's Avatar
United States
535 Posts
 Posted 12/06/2008  6:49 pm Show Profile   Bookmark this topic Add karrlot to your friends list Get a Link to this Message Number of Subscribers
Pillar of the Community
Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 12/06/2008  7:46 pm  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
G'day & thankyou,
the ZimDollar was restructured fairly recently ... but, apparently, unsuccessfully.

quote: "The first Zimbabwean dollar was introduced in 1980 and replaced the Rhodesian dollar at par. The initial ISO 4217 code was ZWD. At the time of its introduction, the Zimbabwean dollar was worth more than the U.S. dollar, with ZWD 1 = USD 1.47. However, the currency's value eroded rapidly over the years. ...
Second dollar: The dollar was redenominated on 1 August 2006 at the rate of 1 revalued dollar = 1,000 old dollars. ... [250 revalued dollars = US$1.00]
In February 2007, the Reserve Bank of Zimbabwe declared inflation "illegal" ...
On 6 September 2007, the Zimbabwe dollar was devalued by 92%[11], to give an official exchange rate of ZW$30,000 to US$1, although the black market exchange rate was estimated to be ZW$600,000 to US$1. ...
Third dollar: On July 30, 2008, Gono announced that the Zimbabwean dollar would be redenominated. Effective August 1, 2008, ZW$10 billion would be worth ZW$1. ..."

for details, see:
http://en.wikipedia.org/wiki/Zimbabwean_dollar

Peter in Oz


New Member
Malaysia
12 Posts
 Posted 12/11/2008  03:50 am  Show Profile   Bookmark this reply Add csgan to your friends list Get a Link to this Reply
I'm wondering, if US$300b, then ZW$ is how much?
Pillar of the Community
wd1040's Avatar
United States
3098 Posts
 Posted 12/11/2008  03:53 am  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply

Quote:
I'm wondering, if US$300b, then ZW$ is how much?


WARNING OVERFLOW ERROR ERROR ERROR ERROR ERROR
Edited by wd1040
12/11/2008 03:54 am
New Member
Malaysia
12 Posts
 Posted 12/11/2008  9:37 pm  Show Profile   Bookmark this reply Add csgan to your friends list Get a Link to this Reply
haha... nice one wd1040...
Valued Member
Dillon's Avatar
United States
240 Posts
 Posted 12/19/2008  12:12 pm  Show Profile   Bookmark this reply Add Dillon to your friends list Get a Link to this Reply
No offense, but I noticed he is smiling in the picture, I got the idea that they are acting like it is good news, or a victory that a loaf of bread costs !35 million Zimbabwean dollars! If I were that guy I would be a litle scared, because theirs probably risks of the country going bankrupt, and the spread of violence, because of people losing their money... That's just my opinion tho...

-Dillon

$200-Million-Note!
Edited by Dillon
12/19/2008 12:13 pm
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