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$50,000,000,000 Note!
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| Prometheus Xex |
Funny and sad at the same time.
"Zimbabwe's central bank will introduce a $50 billion note -- enough to buy just two loaves of bread -- as a way of fighting cash shortages amid spiraling inflation.
The country's acting finance minister, Patrick Chinamasa, made the announcement in a government gazette released Saturday.
Although Chinamasa did not give the date on which the $50 billion and new $20 billion notes would come into circulation, an official at the Reserve Bank of Zimbabwe said the notes would be distributed to all banks by the end of Monday.
Zimbabwe is grappling with hyperinflation now officially estimated at 231 million percent, and its currency is fast losing its value. As of Friday, one U.S. dollar was trading at around ZW$25 billion.
When the government issued a $10 billion note just three weeks ago, it bought 20 loaves of bread. That note now can purchase less than half of one loaf."
Source: http://www.cnn.com/2009/WORLD/afric...ency/index.html
I want to get one just for fun. I would guess there are trillionaires in that country! |
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| exstasie |
I was going to go to one of the banks and see if they had any Zimbabwean money...but i'm guessing that none of them do.
But I would definitely be interesting in getting my hands on a $50 billion dollar note.
I was interesting in getting one when the $10 billion notes came out. Maybe I'll check eBay.
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| Abercrombie |
50 BILLION DOLLARS!!!
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| Engine9 |
| finally all those emails about Zimbabwian princes wanting to deposit millions into my account make sense |
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| Prometheus Xex |
| quote: | Originally posted by exstasie
I was going to go to one of the banks and see if they had any Zimbabwean money...but i'm guessing that none of them do.
But I would definitely be interesting in getting my hands on a $50 billion dollar note.
I was interesting in getting one when the $10 billion notes came out. Maybe I'll check eBay.
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Now I want one too! If you find a place, get one for me! |
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| Prometheus Xex |
| quote: | Originally posted by Abercrombie
50 BILLION DOLLARS!!! |
Oh behave! |
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| SniFFleS |
| Let's see if Obama can print his way into that type of hyper inflation. |
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| exstasie |
| quote: | Originally posted by Prometheus Xex
Now I want one too! If you find a place, get one for me! |
I was looking and someone sold a 100 Billion Zimbabwean note for $80US which was like 4x what its actually worth. If only the Zimbabweans had eBay...they could make a fortune from people like us.
I just checked xe.com, and here is the current market rate:
1.00 CAD = 8,248,968.89 ZWD
Live rates at 2009.01.13 1415:04 EST
3 minutes later and its now:
1.00 CAD = 8,251,966.52 ZWD
haha...inflation went up $3,000 in 3 minutes...gotta love it!
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| Yohan |
| i wonder how much a porn mag cost in zimbabwe |
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| Inrush |
| quote: | Originally posted by exstasie
3 minutes later and its now:
1.00 CAD = 8,251,966.52 ZWD
haha...inflation went up $3,000 in 3 minutes...gotta love it!
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hahah nice. |
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| zarbi |
| quote: | Originally posted by exstasie
I was looking and someone sold a 100 Billion Zimbabwean note for $80US which was like 4x what its actually worth. If only the Zimbabweans had eBay...they could make a fortune from people like us.
I just checked xe.com, and here is the current market rate:
1.00 CAD = 8,248,968.89 ZWD
Live rates at 2009.01.13 1415:04 EST
3 minutes later and its now:
1.00 CAD = 8,251,966.52 ZWD
haha...inflation went up $3,000 in 3 minutes...gotta love it!
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yep, you have to spend that currency as soon as you have it. Prices changes at least three times a day, morning, noon and evening hehehe
Public sectors employees are paid with that currency, and new ones are printed daily... thats why its going down the drain. |
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| Xavier Moriarty |
thats nothing
back in 94-95. to buy a loaf of bread you needed like 6 of these |
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