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The Accurate Reloading Forums THE ACCURATE RELOADING.COM FORUMS Hunting African Big Game Hunting Zim exchange rateGo | New | Find | Notify | Tools | Reply | |
| Zim exchange rate | Login/Join |
| One of Us |
Anyone give me a recent exchange rate for US dollars or Euros to the Zim dollar? Official rate and street rate? TIA Raff | ||
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You can try the site below for "official" exchange rates. Around 30,000ZWD to 1US at the moment. http://www.xe.com These rates don't reflect reality on the ground of course. Guessing it's more like 6,000,000ZWD to 1US. Saw a small house in Zimbabwe for sale on a SA realty site recently. Price.....$1,750,000,000.00 Weird to talk in the trillions.... ______________________ I don't shoot elk at 600 yards for the same reasons I don't shoot ducks on the water, or turkeys from their roosts. If this confuses you then you're not welcome in my hunting camp. | |||
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Official rates don't even come close to the "real" rates. Last post I saw (21 Feb) had 1 USD to 16,000,000 Z. Inflation officially above %100000 annually. Hats off to all my Rhodie friends who deal with this daily.  www.zimbabwesituation.com Mark DRSS "I always take care to fire into the nearest hillside and, lacking that, into darkness." - the late Dr. Hunter S. Thompson | |||
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It has to change by the minute. Just saw a report come out over the French news wire that pegged the "official" inflation rate at the end of 2007 at 100,000%, with suspicions that the real rate was over 150,000%. At 150,000%, the monthly inflation rate would be 12,500%, 417% daily, and over 17% per hour. SCI Life Member DSC Life Member | |||
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Check this site out to watch the price of a bottle of beer in Zimbabwe change in real time. http://www.worldometers.info/view/zim/ ______________________ I don't shoot elk at 600 yards for the same reasons I don't shoot ducks on the water, or turkeys from their roosts. If this confuses you then you're not welcome in my hunting camp. | |||
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Damn! At the Zim exchange rate, that beer is worth more coming out that it is going in! SCI Life Member DSC Life Member | |||
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"Last time we removed three zeroes. But they've returned. Now we are determined not to allow them to return" - Dr. G. Gono, Governor of the Reserve Bank of Zimbabwe This just kills me.....  ______________________ I don't shoot elk at 600 yards for the same reasons I don't shoot ducks on the water, or turkeys from their roosts. If this confuses you then you're not welcome in my hunting camp. | |||
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84th birthday party for "Bob" in Beitbridge area will cost a mere 3 trillion zim dollars or something in the range of 250,000 U.S. Dollars. Whole damn nation going down in flames as fast as it can and holding a celebration for the ol' boy. Elections take place on 3/29 and am sure peace and tranquility will be the order of the day. Right!! | |||
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Check out www.zwnews.com A recent article mentioned that the street rate was now a little over 10 million zim to 1 US dollar. When I was there in Sept/Oct it was around 600,000 to 1. | |||
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I don`t like the progress i Zimbabwe, what will happend the day Mr Mugabe get ill or die. It`s so many tribes who wants to have power, and it`s nearby a civil war, I hope that will not happend, but the danger is there. I read in the paper today that the inflation rate is about 300% per day it`s realy a pitty Salesagent Africa hunting | |||
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Friends; Zim is in hyper-inflation. Street value of US or Euro's won't matter if your thinking of shopping. Most all of the shop owners (east Indian chaps) packed up, closed shop and left. There are no goodies to bring home. One year ago I was on the streets of Bulawayo buying Elephant, Crocodile and Ostrich belts for $10. Ostrich purses for the wife @ $45 (the same one as seen in Reno and Dallas for $1,622.00 w/o the designer tag) and a load of other goods at give away prices. When I return in a few months I'll settle for the comfort of a Zambezi beer and enjoy the sounds of the bush. As for hunting outfits, I see life as usual. I communicate with our owners/Outfitters on a regular basis and life goes on in the bush. The only problem I'm having is leopard tags for 2008. We're down to one left! I look forward to the day Zim recovers. Such a waste going on. LDK Gray Ghost Hunting Safaris http://grayghostsafaris.com Phone: 615-860-4333 Email: hunts@grayghostsafaris.com NRA Benefactor DSC Professional Member SCI Member RMEF Life Member NWTF Guardian Life Sponsor NAHC Life Member Rowland Ward - SCI Scorer Took the wife the Eastern Cape for her first hunt: http://forums.accuratereloadin...6321043/m/6881000262 Hunting in the Stormberg, Winterberg and Hankey Mountains of the Eastern Cape 2018 http://forums.accuratereloadin...6321043/m/4801073142 Hunting the Eastern Cape, RSA May 22nd - June 15th 2007 http://forums.accuratereloadin...=810104007#810104007 16 Days in Zimbabwe: Leopard, plains game, fowl and more: http://forums.accuratereloadin...=212108409#212108409 Natal: Rhino, Croc, Nyala, Bushbuck and more http://forums.accuratereloadin...6321043/m/6341092311 Recent hunt in the Eastern Cape, August 2010: Pics added http://forums.accuratereloadin...261039941#9261039941 10 days in the Stormberg Mountains http://forums.accuratereloadin...6321043/m/7781081322 Back in the Stormberg Mountains with friends: May-June 2017 http://forums.accuratereloadin...6321043/m/6001078232 "Peace is that brief glorious moment in history when everybody stands around reloading" - Thomas Jefferson Every morning the Zebra wakes up knowing it must outrun the fastest Lion if it wants to stay alive. Every morning the Lion wakes up knowing it must outrun the slowest Zebra or it will starve. It makes no difference if you are a Zebra or a Lion; when the Sun comes up in Africa, you must wake up running...... "If you're being chased by a Lion, you don't have to be faster than the Lion, you just have to be faster than the person next to you." | |||
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There has been a rather rapid decline this week. When I left for Reno the exchange rate was 4Mil:1 . Over the course of a month it fell "slowly" to 7.5 Mil:1 On monday when I change some loot it was 8.5 Mil:1 US$. Yesterday it was somewhere between 18 and 20 million:1. Official rates are 30,000:1 (if you are retarded enough to use your credit card here) 270,000:1 for tourism industry 1,000,000:1 for mining industry I am looking forward to the introduction of the Billion dollar note  | |||
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I want one of the new 10 million dollar notes. Ganyana, hang on to one of those and I'll give you a roll of toilet paper for it. Scratch that  ...I'll give you $US for it._______________________________  | |||
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January figures are 100,580% inflation. | |||
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| One of Us |
I'm far from a finance whiz, and I understand that having a "backed" currency has problems, but, doesn't Zim have minerals? If they switched to a gold-backed currency, it should help mitigate the inflation, correct? I always thought the Krugerrand has helped the RSA keep some currency stability, even w. their political difficulties. And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor. | |||
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All currencies today are "backed" by each nations GDP - Zim's problem is that the GDP has basically fallen to almost zero but they still are putting ever more currency in circulation. The solution to their problem is to increase the GDP, but Bob and his cronies have confiscated everything and then let it all fall to ruin or bartered it away to the Chinese for Sudanese oil and personal luxuries. All that is left for the people is subsistence farming, basic hand crafts to sell to tourists, tourism and hunting. They may be bringing in $100 million US at most, but when you are printing 10 million Z$ notes that 100$ million US gets stretched real fast. | |||
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The reason for the currency's decline is called bobenomics. You issue a decree that gold is only worth US$30 an ounce and that fuel may not sell for more than US 2 cents a gal (rougly 1/2 cent per litre!!). Then stand back and watch what happens. Basically, production ceases. What gold is produced goes out on the black market, but our gold production has fallen by 80% over the last seven years due to government pricing (down to only 6 tonnes last year). Same goes for platinum. All agricultural exports have halted due to the farm nationalisation programme and now we need US$ to import food instead of earning $ by exporting it. Tourism is down 75% due to bad press. The only exports that are increasing are things like Uranium to North Korea and steel to china- and they don't pay! In brief, exports are down by 70-80%, Imports are up by 200% and there sinply isn't enough real money around to meet demand. NB- The Zim dollar has fallen to 38 million:1 US over the weekend and the price of bread doubled this morning. | |||
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