So why don't a few of you residents get together and buy the country?? I'll donate a few hundred Billion to the cause.

New Notes

100 billion zim dollars equals 1 US dollar. sounds like a not so cheap source of toilet paper( toilet paper is probably cheaper than zim currency).

No problem.....just print up more "money" so you can pay the printing bill for the money you're printing.

Sounds like Monkeynomics to me.

quote:

Originally posted by jdollar:
100 billion zim dollars equals 1 US dollar. sounds like a not so cheap source of toilet paper( toilet paper is probably cheaper than zim currency).

What's a roll of dunny paper worth? 300 Billion?

lets see, 300 sheets or 300 billion sheets...

At Christmas my house was vauled at 8 Billion. Today a packet of crisps is 72 Billion and a small coke 100 Billion... The Limit on my ATM/Debit card is still 999Million, and maximum daily withdrawal is 100 billion... A loaf of bread is 120 Billion.


My house is now worth about Z$37,500,000,000,000,000
Funny place to live

1.00 USD = 18,681,527,512.36 ZWD as of 11:04 am EDT on 7/20/08.

quote:

Originally posted by jdollar:
100 billion zim dollars equals 1 US dollar. sounds like a not so cheap source of toilet paper( toilet paper is probably cheaper than zim currency).

And likely works much better at its assigned task, as well...

quote:

the official inflation rate now at 2.2 million percent.

Goodness!

Guess all the Zim residents will become experts in math and delaing with big numbers........with lots of zeros!

Maybe with all those trillions Zimbabwe might help out to ease the USA credit crunch and bank collapses. He can keep printing and loan some to USA maybe (-:

I think even talking real $US money the USA foreign debt is approaching 10 trillion, so there are some warning signs as well in the USA !!!

The way Mugabe handles the money crises is simple, he just uses the presses and prints notes ad nauseum

The way the USA handles its money crises is by using the Federal Reserve which I guess is partly tax payers money and partly money borrowed from China and other emerging big world economies

Either way (apart from the scale of the problem) surly eventually BOTH scenarious are tricky in the long term

What are the answers to all these money worries ???

Cheers, Peter

There's a comparison economists around the world will lose sleep over.

Debt -vs- GDP might be something to look at compared to any other economy.

For real data on real subjects see here:

Factbook

For made up BS twice an hour see here:

Fresh BS

kinda just shows that money is just paper. value is something else

quote:

Originally posted by odie:
1.00 USD = 18,681,527,512.36 ZWD as of 11:04 am EDT on 7/20/08.

You cannot be serious to quote this exchange rate. In the hyperinflation such a s Zimbabwe now experiences the exchange rate without stating the time accurately to the second is not worth much!

In good hunting.

Andrew McLaren

Still, it is fun to show off over a million Zim dollars. Terrible part was being asked to donate some of it to the church yesterday. When I told them what it was worth, got quite a laugh.

Are store price tags displayed in scientific notation?

Most calculators and all tills cannot cope with ammounts above 999 Billion (US Billion that is ie 9 O's)so, depending on the store prices are in "million" ie they have left the last 6 0's off or Billions. The municipality is a complete mess because they can only work up to 9 Billion and after that it all goes wrong, so some folks are getting outrageous bills and others are paying 2c a month for water and rates!.

PS- Thank you south Africa! My electricity bill for june was US 4 cents and I had only one power cut (4 hrs) So nice of your president to comp us your power

It's beyond me why the "government" doesn't do what Brasil did several years ago and just issue a new currency. Likely because they can't afford the printing bill?

hi
maybe zim.bob.way is going to become zim-bob-away
yes
.

jetdrvr

The government has already issued three new sets of currency since 2004 when inflation started to bite. First came bearer cheques when they could no longer afford proper notes, then they took three 000's off to make KD's and issued new Bears cheques, then they issued Agro- Cheques, and now the Germans have stopped supplying paper, ink and spars for the printing presses. The govenment intoduced a new 100 billion note on monday to streatch the remaining paper as far as possible, but until they can fins a new supply of paper and presses they are stuck.

http://news.bbc.co.uk/2/hi/africa/7516874.stm

Link above to article pointing out the lotto prize is 1.2 QUADRILLION Zim $....at the time of the article, $4000 US....

quote:

Originally posted by reddy375:
Guess all the Zim residents will become experts in math and delaing with big numbers........with lots of zeros!

Yeah, its just like real money, except in homeopathic dilutions.
boet