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zim exchange rate history
30 May 2008, 17:35
butchloczim exchange rate history
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?
If a lot of things don't change in this country, it appears to me that we are headed in that direction.
Thanks
Jeff
No people in history have ever
survived who thought they could protect their freedom by making themselves
inoffensive to their enemies.
30 May 2008, 18:01
Andrew McLarenQuestion 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
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Today I still hunt! 30 May 2008, 20:37
someoldguyquote:
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.
_________________________
Glenn
30 May 2008, 22:52
prof242No, not worthless. I'd be willing to pay for some bills to be a Zimbabwe Billionaire. Any takers?
And I'm serious
.395 Family Member
DRSS, po' boy member
Political correctness is nothing but liberal enforced censorship
30 May 2008, 23:38
someoldguyWell, if you're in Zim, you could do something like this:
http://cgi.ebay.com/Zimbabwe-Banknote-MILLIONS-1-10-25-...QQrdZ1QQcmdZViewItemSell Zimbabwe currency at several times the exchange rate to collectors in exchange for Euros, pounds, or US dollars.
_________________________
Glenn
31 May 2008, 23:55
L. David KeithI'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....
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01 June 2008, 00:15
yukon deltaExactly a year ago when I was there, it was ONLY
66,000 to 1.
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