This is a billboard in Zimbabwe in 2006 announcing the new currency change.
It didn't help.
So they'll probably do it again before long.
Posted on 05/15/2008 11:41:50 AM PDT by NormsRevenge
This is a billboard in Zimbabwe in 2006 announcing the new currency change.
It didn't help.
So they'll probably do it again before long.
Note to self, NO Zimbabewe bids accepted on ebay...
Now I’m thinking the expiration date is printed on the bills so that they can wave a magic wand and erase six zeros from the currency amount in a future batch of bills to be printed.
Certainly nobody has any incentive to hold onto cash for more than a day.
I’m not enough of a mathematician to calculate what an “official” inflation rate of 165,000% does the value of that bill in your wallet in the span of one week, but it can’t be good.
ROFL, that may be their only hope.
Ha ha you don’t want one, except for the novelty value perhaps!
No banks will trade the ZIM, so you pretty much have to know someone over there get your hands on one. And here’s the feature I haven’t seen anyone mention yet - the notes have expiry dates, a feature I’m sure is optimistic insurance against the incredibly unlikely event their dollar bounces back.
I have one of their $500 000 000 notes in front of me that a friend sent. Issued 2nd May 2008. “Pay the bearer on demand five hundred million dollars on or before 31st December 2008”.
I’ve tried offering it to pizza deliveries - “You can have $20 cash, or FIVE HUNDRED MILLION ZIMBABEWAN DOLLARS!!”
I still have the note....
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