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Title: Zimbabwe rolls out $100 trillion note Post by: A18 on January 16, 2009, 03:45:16 PM 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. Title: Re: Zimbabwe rolls out $100 trillion note Post by: k-onmmunist on January 16, 2009, 05:56:03 PM It'll be worth, not £20, but £0.2 in a week or two.
Title: Re: Zimbabwe rolls out $100 trillion note Post by: 2952-0-0 on January 16, 2009, 08:31:44 PM They now say that the population no longer cares about Zim Dollars and have completely substituted this with US and South African currency.
Title: Re: Zimbabwe rolls out $100 trillion note Post by: RIP Robert H Bork on January 17, 2009, 01:23:18 AM I was about to post this news myself.
I wonder when they will release the quadrillion dollar banknote!! Title: Re: Zimbabwe rolls out $100 trillion note Post by: Silent Hunter on January 29, 2009, 12:04:59 PM Zimbabwe has now abandoned its own currency. (http://news.bbc.co.uk/1/hi/world/africa/7859033.stm)
Title: Re: Zimbabwe rolls out $100 trillion note Post by: 2952-0-0 on January 29, 2009, 06:33:04 PM 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 Title: Re: Zimbabwe rolls out $100 trillion note Post by: phk on June 26, 2009, 07:10:26 PM They should consider a peg.
Title: Re: Zimbabwe rolls out $100 trillion note Post by: ○∙◄☻¥tπ[╪AV┼cVê└ on June 27, 2009, 02:47:42 AM This is still nothing compared to what happened to the Hungarian Pengo after World War II.
Title: Re: Zimbabwe rolls out $100 trillion note Post by: Beet on June 27, 2009, 03:55:53 PM 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They already switched out their currency for the dollar, which is why Zimbabwe's inflation ended months ago and has now been replaced by deflation.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 Title: Re: Zimbabwe rolls out $100 trillion note Post by: ○∙◄☻¥tπ[╪AV┼cVê└ on June 27, 2009, 03:59:13 PM 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. Title: Re: Zimbabwe rolls out $100 trillion note Post by: Beet on June 27, 2009, 04:24:53 PM 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. Title: Re: Zimbabwe rolls out $100 trillion note Post by: Lunar on June 28, 2009, 07:11:31 AM 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. Title: Re: Zimbabwe rolls out $100 trillion note Post by: Purple State on June 28, 2009, 11:13:44 AM How do they pay their army well enough to prevent unrest, chaos and regime change? Outside funding in foreign currencies?
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