Courtesy of some inside sources, AR members are being treated to a preview of the soon to be announced new Zimbabwe currency:

Nice.

The X as a signature by the Governor is a nice touch.

Maybe more truth than fiction!

That is the funniest thing I have seen in a while!

Jeff

OK, what's that one trillion note really worth?

One-hundred of those one-trillion notes will buy you a 100-sheet roll of one-ply toilet paper - if you have a ration card.

Namibiahunter

quote:

Originally posted by 475Guy1:
OK, what's that one trillion note really worth?

Well...probably somewhere in the neighborhood of about half a square of charmin. Though it won't be nearly as soft or quite as useful.
Brian

I asked the PH why he didn't just use Zim money for toilet paper instead of buying it. He replied that he didn't want to get hepatitis or he would.

allout

quote:

Originally posted by yukon delta:
I asked the PH why he didn't just use Zim money for toilet paper instead of buying it. He replied that he didn't want to get hepatitis or he would.

Maybe if it had Mugabe's face on it everyone would.

Seriously, they are about to knock another three zeros off the notes..I just bought a pair of Courtney boots for $40 million!!! The black market rate is now about 600,000 to the USD. It doubled in the month I was there. May be higher now, heck I have been back 4 days already.

If you read carefully you will see that the note can only buy you the fruit that's depicted on it i.e. banana's.

One trillion dollars - Mwaa aa aaa, Mwaa aa aaa... (for those Austin Powers fans)

At today's auctiopn for Rifa safari area, the government offered a Rate of Z$1000000:1 against the US for the winning bidder.

Considering that in August last year we introduced the "kilo Dollar" and dropped three zeroe's already, todays bank rate was 1,000,000,000:1 agains the US$

Our biggest note is woth US 20c (and those notes are in short supply!!!!)

At least the hunting's good

Got this from a friiend,

Hi Guys,

We thought you would like to see what 6 million looks like in 1000 Zimbabwe Dollar notes! This was the manager taking the money away after 8 of us had lunch at Mama Mia's on 10 August, 2 courses each, eating the last fillet steak left in the restaurant, and even getting some beers
-also running out!

You don't choose what's on the menu - you first ask WHAT IS LEFT on the menu? (That reminds me of the "good old days" in the mid 1980.s in German Democratic Republic, Poland etc) If this does not make ANY sense to you, it's because you are out of touch with Zim and the price controls and hence, lack of products in the shops - such humour! We really had a great lunch, and we are managing to get loads of things, some in bizarre ways, but it only adds to the entertainment!

Husky, is that Moma Mia's in Bulawayo? I think I had lunch there last year, but didn't know the name of the place. It looks familar. The place I was at was in a garden setting looking out over a lawn, which would be behind the waiter taking the payment.

I've been tipping my favorite waitress's with 100,000 Zim notes, plus real money of course.

Dave

I wish I wouldn't have seen that. Was that recently taken?

Thanks for the article. They want to sanction us? Now that is funny.

In the version of the bill that I saw the middle finger was raised in salute to us "wite-assed cilonial powrs"

Dave

let me guess- the sanctions will consist of cutting of the supply of pistacios and caviar from Iran and mealy-meal and mopane worms from Zim.

To give the younger posters an idea of how slippery the slope towards national bankruptcy can be - When I was in Zimbabwe in 1993, the official rate of exchange was approximately 6-1 (against the US dollar)

If this keeps up, it won't be long before the paper and ink used to make it are worth more than the face value of the note itself.

Then it's back to bartering and complete financial chaos.

It would be incredible if it weren't really happening.

quote:

Originally posted by 500grains:

Maybe Mugabe is arranging a Summer palace in Iran a la as Idi Amin did with Saudi Arabia.

From the International Herald Tribune, "On Thursday, a single U.S. dollar bought one million Zimbabwe dollars for the first time on the rampant black market fueled by acute shortages across the crumbling economy. Dealers reported the central bank buying at unofficial rates to help pay for gasoline and power imports.

Official annual inflation soared to 7,982 percent, the highest in the world, the state central statistical office said in an announcement Thursday. Independent estimates put real inflation closer to 25,000 percent and the International Monetary Fund has forecast it will reach 100,000 percent by the end of the year."

100,000% inflation=total economic collapse= societal collapse=anarchy/revolution. GOOD LUCK to the few remaining white people in Zim who have tried so hard in vain to keep their head above water.

What economic models do we have for this kind of inflation? Any precedence?

Weimar Republic.... Dutch.

Thanks. I looked up hyperinflation and learned a basic definition is when inflation is 50% monthly. Extreme examples (per Wikipedia) include:

- Germany in the early 1920s when the rate of inflation hit 3.25 × 10 to the 6th power percent per month (prices double every 49 hours)

- Greece during its occupation by German troops (1941-1944) with 8.55 × 10 to the 9th power percent per month (prices double every 28 hours).

- The most severe known incident of inflation was in Hungary after the end of World War II at 4.19 × 10 to the 16th power percent per month (prices double every 15 hours).

- More recently, Yugoslavia suffered 5 × 10 to the 15th power percent inflation per month (prices double every 16 hours) between 1 October 1993 and 24 January 1994.