Zimbabwe abandons its currency (officially useless)

BBC ^ | 01/29/09

[xp38]

The US dollar is now being used by businesses in Zim. It must grate on the Zim govt to have all those evil white fellows on the banknotes.

[The Californian]

This is just really, really terrible.

[night reader]

So where do we get one of these Z$1T notes, just for a collector’s item... and how much would it cost in US$?

[This_far]

“Just how do you abandon a currency?”

“Zimbabweans will be allowed to conduct business in other currencies, alongside the Zimbabwe dollar, in an effort to stem the country’s runaway inflation.”

Perhaps they finally realize that it’s not possible to stem the use of other currency...?
It’s become too expensive to continue to print their own...?
Their ink and paper sources have cut them off...?
Mugabe foresees his expulsion and is building up his retirement fund in exchangeable currency...?

The deal with China fell through?

I’d venture that after abandoning their populace, doing the same with their useless script is easy.

[VanShuyten]

Actually, now that they’ve quit printing the $100 trillion notes, I’m sure the value of that note will go up. I wouldn’t mind having a few of them. I’d be willing to pay as much as $5 US for one.

[tdscpa]

“Can you break a $100 trillion note?”

“Sorry, that is the smallest denomination there is.”

[Chet 99]

It really isn’t that hard... most people are like sheep... so it takes only a few dedicated militant supporters.

[TheBattman]

Anyone know where to buy some Zimbabwe currency? I have been trying to find some (I just wand a couple for conversation pieces). All the trading houses apparently no longer have access to it...

[cryptical]

It looks like there’s some on ebay, at premium prices.

[BBell]

Yep, the way things are going China will soon be his masa.

[DustyMoment]

Zimbabwe abandons its currency (officially useless)

Is this about Robert Mugabe being dumped by the Zimbabweans??

[JerseyHighlander]

The approximately 4 dozen senior powerbrokers inside the Mugabe regime had been using the currency manipulation as the last resort option to pay their downstream payrolls. They would exchange freshly printed Zimbabwe currency at the official exchange rate for hard cash foreign currency. If this is over there is nothing left but imminent collapse and internecine warfare to control the mines. There is now nothing but blood diamonds to pay the praetorian troops with, let alone the ragtag conscript army.

[yankeedame]

Just how do you abandon a currency? Do you drive 15 miles into the country and leave it by the roadside, quickly look both ways and peel away? Maybe you put it in a basket and leave it at the doorstep of a kindly elderly couple.

LOL!

[ME-262]

Thank God they're dieing from Black thug corruption and incompetency, and no longer having to put up with peace and prosperity under a White colonial governance. Better they revert to cannibalism than we pollute their minds with ideals from Western civilization.

[bruinbirdman]

"Apparently to run a successful dictatorship is to keep just enough people happy so that they’re happy killing your enemies and not you."

And pay them with:

Zimbabwe
Industries:
mining (coal, gold, platinum

yitbos

[backhoe]

I tried to warn people:

-"Pity About Africa..."--

[xp38]

You could always go online and get an image and print it yourself....would be worth just as much. :)

[TenthAmendmentChampion]

What happened to the genius Gordon Gono?

[TenthAmendmentChampion]

There was a limit on how much you could withdraw from the banks, so any currency, regardless of how degraded, disappeared as soon as it appeared. Gono even prohibited electronic transactions. I don’t know if that ban is still in place.