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zim exchange rate history
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posted
jumbo moore just sent me this
Before we lose our memory of the facts of how the Zimbabwe Dollar has faired against the USD since Independance.......... here are the facts in the attachment.

1. At Independance 1 US$ would have bought you 70 Zimbabwe cents
2. At the start of the Land Reform Program in year 2000, 1 US$ would have bought you 41 Zim dollars
3. January of this year, 1 USD would have bought you 5,500,000,000 Zim dollars
4. Today I was offered 1 Billion Zimbabwe Dollars for 1 US$............. remember we have removed 3 zeros off our currency so realistically it is 1 Trillion Zimbabwe Dollars for 1 US$. Can you all comprehend the zeros???? Z$ 1,000,000,000,000 : 1 US$
5. Who has a calculator big enough to handle the zeros and to work out this devaluation percentage?
 
Posts: 13465 | Location: faribault mn | Registered: 16 November 2004Reply With Quote
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Eeker If a lot of things don't change in this country, it appears to me that we are headed in that direction.
Thanks
Jeff


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Posts: 1689 | Location: North MS U.S.A. | Registered: 31 March 2007Reply With Quote
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Question to international travelers & people in the know:

If an American has $ 1 000 000 he is called a millionair.

If an European has Euro 1 000 000 he is called a millionair.

A Zimbabwean with ZIM$ 1 000 000 must also be a millionair.

My question is now, is there any country with more millionair per capita than Zimbabwe? Or put differently: Is there any other currency that has an even lower international value than the ZIM$ ?

In good hunting.

Andrew McLaren


Andrew McLaren
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Posts: 1799 | Location: Soutpan, Free State, South Africa | Registered: 19 January 2004Reply With Quote
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quote:
5. Who has a calculator big enough to handle the zeros and to work out this devaluation percentage?


If I figured correctly, this works out to about a 143 trillion percent rate of inflation. This amount is probably a historic high, worse than the famous German inflation of the 1920s.
So Zimbabwe's currency is practically worthless. Very sad.


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Posts: 942 | Location: Alabama | Registered: 16 July 2007Reply With Quote
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No, not worthless. I'd be willing to pay for some bills to be a Zimbabwe Billionaire. Any takers?
dancing And I'm serious


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Posts: 3490 | Location: Colorado Springs, CO | Registered: 04 April 2003Reply With Quote
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Well, if you're in Zim, you could do something like this:

http://cgi.ebay.com/Zimbabwe-Banknote-MILLIONS-1-10-25-...QQrdZ1QQcmdZViewItem

Sell Zimbabwe currency at several times the exchange rate to collectors in exchange for Euros, pounds, or US dollars. clap


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Posts: 942 | Location: Alabama | Registered: 16 July 2007Reply With Quote
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I'm bringing enough back to become a Gazillion/Ba-billionaire. The airlines told me I'd have to pay $50 extra for the crate. Always trying to nickel and dime me....
jumping


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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......

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Posts: 6825 | Location: Tennessee | Registered: 18 December 2006Reply With Quote
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Exactly a year ago when I was there, it was ONLY Roll Eyes 66,000 to 1.


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