Zimbabwe rolls out $100 trillion note
       |           

Welcome, Guest. Please login or register.
Did you miss your activation email?
March 29, 2024, 07:19:25 AM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  General Politics
  Economics (Moderator: Torie)
  Zimbabwe rolls out $100 trillion note
« previous next »
Pages: [1]
Author Topic: Zimbabwe rolls out $100 trillion note  (Read 2994 times)
A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35

Show only this user's posts in this thread
« 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.
Logged
k-onmmunist
Winston Disraeli
Atlas Icon
*****
Posts: 11,753
Palestinian Territory, Occupied


Show only this user's posts in this thread
« Reply #1 on: January 16, 2009, 05:56:03 PM »

It'll be worth, not £20, but £0.2 in a week or two.
Logged
2952-0-0
exnaderite
Junior Chimp
*****
Posts: 7,221


Show only this user's posts in this thread
« Reply #2 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.
Logged
RIP Robert H Bork
officepark
Junior Chimp
*****
Posts: 9,030
Czech Republic


Show only this user's posts in this thread
« Reply #3 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!!
Logged
Silent Hunter
Junior Chimp
*****
Posts: 9,308
United Kingdom


WWW Show only this user's posts in this thread
« Reply #4 on: January 29, 2009, 12:04:59 PM »

Zimbabwe has now abandoned its own currency.
Logged
2952-0-0
exnaderite
Junior Chimp
*****
Posts: 7,221


Show only this user's posts in this thread
« Reply #5 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
Logged
phk
phknrocket1k
Atlas Icon
*****
Posts: 12,906


Political Matrix
E: 1.42, S: -1.22

Show only this user's posts in this thread
« Reply #6 on: June 26, 2009, 07:10:26 PM »

They should consider a peg.
Logged
○∙◄☻¥tπ[╪AV┼cVê└
jfern
Atlas Institution
*****
Posts: 53,615


Political Matrix
E: -7.38, S: -8.36

Show only this user's posts in this thread
« Reply #7 on: June 27, 2009, 02:47:42 AM »

This is still nothing compared to what happened to the Hungarian Pengo after World War II.
Logged
Beet
Atlas Star
*****
Posts: 28,806


Show only this user's posts in this thread
« Reply #8 on: June 27, 2009, 03:55:53 PM »


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
Logged
○∙◄☻¥tπ[╪AV┼cVê└
jfern
Atlas Institution
*****
Posts: 53,615


Political Matrix
E: -7.38, S: -8.36

Show only this user's posts in this thread
« Reply #9 on: June 27, 2009, 03:59:13 PM »


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.
Logged
Beet
Atlas Star
*****
Posts: 28,806


Show only this user's posts in this thread
« Reply #10 on: June 27, 2009, 04:24:53 PM »


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.
Logged
Lunar
Atlas Superstar
*****
Posts: 30,404
Ireland, Republic of
Show only this user's posts in this thread
« Reply #11 on: June 28, 2009, 07:11:31 AM »


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.
Logged
Purple State
Junior Chimp
*****
Posts: 6,713
United States


Show only this user's posts in this thread
« Reply #12 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?
Logged
Pages: [1]  
« previous next »
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.031 seconds with 13 queries.