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| | |-+  Zimbabwe rolls out $100 trillion note
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Author Topic: Zimbabwe rolls out $100 trillion note  (Read 2544 times)
A18
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« on: January 16, 2009, 03:45:16 pm »
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http://news.bbc.co.uk/2/hi/africa/7832601.stm

Oh, and it's currently worth about US$30 (£20). Expect those numbers to be revised downward rather quickly.
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k-onmmunist
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« Reply #1 on: January 16, 2009, 05:56:03 pm »
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It'll be worth, not £20, but £0.2 in a week or two.
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Judšischen Volksfront
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« Reply #2 on: January 16, 2009, 08:31:44 pm »
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They now say that the population no longer cares about Zim Dollars and have completely substituted this with US and South African currency.
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RIP Robert H Bork
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« Reply #3 on: January 17, 2009, 01:23:18 am »
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I was about to post this news myself.

I wonder when they will release the quadrillion dollar banknote!!
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Clearly the solution is to privatize presidential elections.

So, in less than four years, get excited for the 2016 MetLife Financial U Pick The Prez Extravaganza. If you tweet a picture of your completed ballot with the hashtag #ivoted, you could win a trip for two to the inauguration or an iTunes gift card.
London Man
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« Reply #4 on: January 29, 2009, 12:04:59 pm »
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Zimbabwe has now abandoned its own currency.
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Judšischen Volksfront
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« Reply #5 on: January 29, 2009, 06:33:04 pm »
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And as always, they have shown up on EBay. For 29 British Pounds you can be the owner of one, implying that 2.4 ◊ 10^12 Zim Dollars = 1 Greenback. Wow.

http://cgi.ebay.com/2009-PRINTING-100-TRILLION-ZIMBABWE-DOLLARS-BANKNOTE_W0QQitemZ160312804303QQcmdZViewItemQQptZUK_Coins_Banknotes_GL?hash=item160312804303&_trksid=p3286.c0.m14&_trkparms=72%3A1205|66%3A2|65%3A12|39%3A1|240%3A1318|301%3A1|293%3A1|294%3A50
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phk
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« Reply #6 on: June 26, 2009, 07:10:26 pm »
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They should consider a peg.
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jfern
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« Reply #7 on: June 27, 2009, 02:47:42 am »
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This is still nothing compared to what happened to the Hungarian Pengo after World War II.
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Beet
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« Reply #8 on: June 27, 2009, 03:55:53 pm »
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They should consider a peg.

They already switched out their currency for the dollar, which is why Zimbabwe's inflation ended months ago and has now been replaced by deflation.

http://www.google.com/hostednews/afp/article/ALeqM5iz-9dbOakpPh8ZlvhLg_pIRbdkIg
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jfern
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« Reply #9 on: June 27, 2009, 03:59:13 pm »
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They should consider a peg.

They already switched out their currency for the dollar, which is why Zimbabwe's inflation ended months ago and has now been replaced by deflation.

http://www.google.com/hostednews/afp/article/ALeqM5iz-9dbOakpPh8ZlvhLg_pIRbdkIg

94% unemployment? Ouch.
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Beet
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« Reply #10 on: June 27, 2009, 04:24:53 pm »
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They should consider a peg.

They already switched out their currency for the dollar, which is why Zimbabwe's inflation ended months ago and has now been replaced by deflation.

http://www.google.com/hostednews/afp/article/ALeqM5iz-9dbOakpPh8ZlvhLg_pIRbdkIg

94% unemployment? Ouch.

"Formal" unemployment. Also represents no change from the beginning of the year.
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Lunar
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« Reply #11 on: June 28, 2009, 07:11:31 am »
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They should consider a peg.

They already switched out their currency for the dollar, which is why Zimbabwe's inflation ended months ago and has now been replaced by deflation.

http://www.google.com/hostednews/afp/article/ALeqM5iz-9dbOakpPh8ZlvhLg_pIRbdkIg

94% unemployment? Ouch.

That's the sort of thing that usually results in governments being overthrown by mobs, odd.
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this is real
Purple State
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« Reply #12 on: June 28, 2009, 11:13:44 am »
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How do they pay their army well enough to prevent unrest, chaos and regime change? Outside funding in foreign currencies?
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