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Zim exchange rate
22 February 2008, 23:31
2triggersZim exchange rate
Anyone give me a recent exchange rate for
US dollars or Euros to the Zim dollar?
Official rate and street rate?
TIA
Raff
22 February 2008, 23:36
DC RoxbyYou can try the site below for "official" exchange rates. Around 30,000ZWD to 1US at the moment.
http://www.xe.comThese 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....
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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.
22 February 2008, 23:47
218 BeeOfficial 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.comMark
DRSS
"I always take care to fire into the nearest hillside and, lacking that, into darkness." - the late Dr. Hunter S. Thompson
22 February 2008, 23:48
Jim ManionIt 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.
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22 February 2008, 23:49
DC RoxbyCheck this site out to watch the price of a bottle of beer in Zimbabwe change in real time.
http://www.worldometers.info/view/zim/
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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.
23 February 2008, 01:01
Jim ManionDamn! At the Zim exchange rate, that beer is worth more coming out that it is going in!
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23 February 2008, 02:23
DC Roxby"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.....

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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.
23 February 2008, 02:46
dsiteman84th 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!!
23 February 2008, 02:49
RCGCheck 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.
23 February 2008, 02:51
NorwegianhunterI 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
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23 February 2008, 06:06
L. David KeithFriends; 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 $1,622.00 w/o the designer tag) and a load of other goods at give away prices. When I return in a few months I'll settle for the comfort of a Zambezi beer and enjoy the sounds of the bush. As for hunting outfits, I see life as usual. I communicate with our owners/Outfitters on a regular basis and life goes on in the bush. The only problem I'm having is leopard tags for 2008. We're down to one left! I look forward to the day Zim recovers. Such a waste going on.
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23 February 2008, 08:47
GanyanaThere has been a rather rapid decline this week.
When I left for Reno the exchange rate was 4Mil:1 . Over the course of a month it fell "slowly" to 7.5 Mil:1
On monday when I change some loot it was 8.5 Mil:1 US$. 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

23 February 2008, 09:09
yukon deltaI 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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23 February 2008, 16:46
KenscoJanuary figures are 100,580% inflation.
24 February 2008, 06:05
AglifterI'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.
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24 February 2008, 07:37
CMcDermottAll 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.
25 February 2008, 11:23
GanyanaThe 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.