Zimbabwe removes 12 zeros from currency
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  Zimbabwe removes 12 zeros from currency
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exnaderite
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« on: February 03, 2009, 03:05:34 AM »

http://edition.cnn.com/2009/WORLD/africa/02/02/zimbabwe.dollars/

This is unbelievable...
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jfern
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« Reply #1 on: February 03, 2009, 03:07:05 AM »


Germany did that in 1923.
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Associate Justice PiT
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« Reply #2 on: February 03, 2009, 03:11:39 AM »
« Edited: February 03, 2009, 03:17:37 AM by Senator PiT »

     They might as well just give up & officially adopt another country's currency.
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2952-0-0
exnaderite
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« Reply #3 on: February 03, 2009, 03:21:43 AM »
« Edited: February 03, 2009, 03:23:57 AM by Aceptaré mis elogios »

1) The inflation rate is now only of academic interest, but it's already well past the previous record.

2) The government has just legalized the use of foreign currency: http://news.bbc.co.uk/2/hi/africa/7859033.stm. Why they continue to pretend to issue money is beyond me.
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k-onmmunist
Winston Disraeli
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« Reply #4 on: February 03, 2009, 12:28:06 PM »

Insane... using my exchange rate on the desktop, the £ is now worth 0.093 ZWD...
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Silent Hunter
Junior Chimp
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« Reply #5 on: February 03, 2009, 12:45:42 PM »

Insane... using my exchange rate on the desktop, the £ is now worth 0.093 ZWD...

How long is that going to last though? Not long, I'd say.
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k-onmmunist
Winston Disraeli
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« Reply #6 on: February 03, 2009, 01:09:13 PM »

Insane... using my exchange rate on the desktop, the £ is now worth 0.093 ZWD...

How long is that going to last though? Not long, I'd say.

It's now worth 0.174ZWD
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Silent Hunter
Junior Chimp
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« Reply #7 on: February 03, 2009, 03:35:54 PM »

Insane... using my exchange rate on the desktop, the £ is now worth 0.093 ZWD...

How long is that going to last though? Not long, I'd say.

It's now worth 0.174ZWD

It doubled in an hour?
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Associate Justice PiT
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« Reply #8 on: February 03, 2009, 03:40:17 PM »

Insane... using my exchange rate on the desktop, the £ is now worth 0.093 ZWD...

How long is that going to last though? Not long, I'd say.

It's now worth 0.174ZWD

It doubled in an hour?

     Wow. Even the Hungarian Pengo only doubled once every 15 hours.
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k-onmmunist
Winston Disraeli
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« Reply #9 on: February 03, 2009, 04:17:03 PM »

Yeah. I like having this exchange rate thing... I've been watching the euro exchange rates for the past year also.
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GMantis
Dessie Potter
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« Reply #10 on: February 03, 2009, 05:21:49 PM »

Any bets on how long it takes to regain them?
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Silent Hunter
Junior Chimp
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« Reply #11 on: February 04, 2009, 12:52:07 PM »

Yeah. I like having this exchange rate thing... I've been watching the euro exchange rates for the past year also.

Where did you get it from?
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k-onmmunist
Winston Disraeli
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« Reply #12 on: February 04, 2009, 03:31:52 PM »

Yeah. I like having this exchange rate thing... I've been watching the euro exchange rates for the past year also.

Where did you get it from?

I have a Vista Laptop, there's an option to have things such as weather, exchange rates, news etc. shown in a toolbar at the side.

For those keeping score at home, the pound is now worth ZWD$35.415. Already.
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Silent Hunter
Junior Chimp
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« Reply #13 on: February 04, 2009, 03:42:05 PM »

Yeah, I've found it. Thanks for that.
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