HARARE, Zimbabwe (CNN) — Zimbabwe’s troubled central bank introduced new $100 billion banknotes Saturday in a desperate bid to ease the recurrent cash shortages plaguing the inflation-ravaged economy.
The new bills, officially come into circulation Monday but they on already on the foreign currency dealers market Saturday.
As high as they are, though, the new bills still aren’t enough to buy a loaf of bread. They can only buy four oranges.
Once-prosperous Zimbabwe has seen an unprecedented economic meltdown since its independence from Great Britain in 1980, with the official inflation rate now at 2.2 million percent.
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Full Version: Zimbabwe issues $100 billion notes
I want a googolion of Zimbabwean dollars.
Inflation: (official) 2,200,000% July 2008;
(estimated) 9,030,000% June 20 2008 (CSO data, unofficial)
See Wikipedia, Zimbabwean dollar, http://en.wikipedia.org/wiki/Zimbabwean_dollar
Inflation: (official) 2,200,000% July 2008;
(estimated) 9,030,000% June 20 2008 (CSO data, unofficial)
See Wikipedia, Zimbabwean dollar, http://en.wikipedia.org/wiki/Zimbabwean_dollar
wow, I never realized their money was worth so little.
the situation has become ridiculous now. we should have invaded long ago and dealt with it. the problem with that is, it feels like it would all go wrong again.
Wow, four oranges? Jesus, I thought we were bad..
One hundred billion Zimbabwe dollars will buy 4 oranges today. Tomorrow it will probably only buy two.
The problem: President Robert Mugabe and co.
Quote - (NeptuneSaK @ Jul 20 2008, 00:02) 
The problem: President Robert Mugabe and co.
The same President Robert Mugabe who, upon realizing that he had no chance of winning the runoff election, promptly announced that he had no intention of stepping down regardless of the outcome of the vote.
That's insane. I'm surprised they haven't released a $1 Trillion note yet.
Quote - (Impact @ Jul 20 2008, 00:23)
That's insane. I'm surprised they haven't released a $1 Trillion note yet.
"Some Zimbabweans are already calling for higher denominations in a country where the official annual inflation rate has exceeded 2,200,000%. Independent economists believe the real rate is many times higher. Zimbabwe's meltdown has left at least 80% of the population in poverty, facing mass shortages of basic goods. The country's central bank has introduced several new notes already this year in response to the hyperinflation. In January, a Z$10 million note was issued, followed by a Z$50 million. By June the denominations had reached tens of billions." - http://news.bbc.co.uk/2/hi/africa/7515823.stm
I guess wait 2 to 4 weeks for the 1 Trillion note?
I want to buy one of those notes so that I can say im a billionare.
why haven't a crack team of soldiers gone to Zimbabwe and taken out that swine of a scumbag yet? f**k oil go there and get that s*d!
That's insane..
Quote - (RanCorX2 @ Jul 20 2008, 22:00)
why haven't a crack team of soldiers gone to Zimbabwe and taken out that swine of a scumbag yet? f**k oil go there and get that s*d!
Probably because there's no oil.
Although I couldn't agree with you any more than I do - he's a crook and clearly doesn't care about his country!
Quote - (Hum @ Jul 19 2008, 13:16)
HARARE, Zimbabwe (CNN) — Zimbabwe's troubled central bank introduced new $100 billion banknotes Saturday in a desperate bid to ease the recurrent cash shortages plaguing the inflation-ravaged economy.
Whats the point in issuing new notes if people don't have the money in the first place? They don't just give the money to the people, so it makes no sense.
And I agree with the above that said we should get rid of that cheating, lying ****ing scumbag ****.
Quote - (Adaytay @ Jul 20 2008, 17:20)
Probably because there's no oil.
Although I couldn't agree with you any more than I do - he's a crook and clearly doesn't care about his country!
Although I couldn't agree with you any more than I do - he's a crook and clearly doesn't care about his country!
Why should we get involved? It's none of our business.
Doesn't look like things are going to get better any time soon.
Quote -
Why should we get involved? It's none of our business.
A murdering, cannibalistic (if reports are true) dictator who scnactions rape squads. That's part of everyone's business!
Quote -
Why should we get involved? It's none of our business.
uhhhh it's the business of the UN, of which we are a part. the whole point to the geneva convention, the UN, interpol, etc. is for countries to work together to help unstable countries like this get stable and begin producing commoditiesQuote - (RanCorX2 @ Jul 20 2008, 14:00)
why haven't a crack team of soldiers gone to Zimbabwe and taken out that swine of a scumbag yet? f**k oil go there and get that s*d!
because assassination is illegal, and the US would never break the law. oh and of course, ya know, stopping genocide in africa doesn't really match up to the oil we could get from iraq; even after our giant **** up
Quote - (MioTheGreat @ Jul 20 2008, 23:28)
Why should we get involved? It's none of our business.
Agreed, solving the situation by use of military already proved to make things worse. only thing can be done now is sending loads of aid to help the people.
2.2 million% inflation, god that is ridiculous
Four oranges will get you a long way though.
Quote - (Sethos @ Jul 20 2008, 23:29)
Four oranges will get you a long way though.
You always make me laugh Sethos.
So - tell me...... If I purchase $500 worth (US) of Zimbabwebian(?) $ and I get (say) 10billion Z$ will - if this country ever stablished - my Z$10 billion be recgonised as (for example) $5,000 US?
Interesting theory or am I being a COMPLETE moron?
Interesting theory or am I being a COMPLETE moron?
i can't believe that some people think that we should just leave the situation as it is. it is EVERYONE'S duty to protect the human rights of others.
it really does seem like nobody cares because there's very little to gain, which just shows you how greedy humanity is (not that we didn't know that already)
it really does seem like nobody cares because there's very little to gain, which just shows you how greedy humanity is (not that we didn't know that already)
Quote - (Sn00pY @ Jul 20 2008, 23:45)
So - tell me...... If I purchase $500 worth (US) of Zimbabwebian(?) $ and I get (say) 10billion Z$ will - if this country ever stablished - my Z$10 billion be recgonised as (for example) $5,000 US?
Interesting theory or am I being a COMPLETE moron?
Interesting theory or am I being a COMPLETE moron?
No, you're quite right. But what is more likely is that they will scrap the currency altogether and start a fresh.
http://en.wikipedia.org/wiki/Hyperinflation
Quote -
As noted, in countries experiencing hyperinflation, the central bank often prints money in larger and larger denominations as the smaller denomination notes become worthless. This can result in the production of some interesting banknotes, including those denominated in amounts of 1,000,000,000 or more.
By late 1923, the Weimar Republic of Germany was issuing fifty-million Mark banknotes and postage stamps with a face value of fifty billion Mark. The highest value banknote issued by the Weimar government's Reichsbank had a face value of 100 trillion Mark (100,000,000,000,000). [3]. One of the firms printing these notes submitted an invoice for the work to the Reichsbank for 32,776,899,763,734,490,417.05 (3.28×1019, or 33 quintillion) Marks.[4]
The largest denomination banknote ever officially issued for circulation was in 1946 by the Hungarian National Bank for the amount of 100 quintillion pengő (100,000,000,000,000,000,000, or 1020). image (There was even a banknote worth 10 times more, i.e. 1021 pengő, printed, but not issued image.) The banknotes however didn't depict the number, making the 500,000,000,000 Yugoslav dinar banknote the world's leader when it comes to depicted zeros on banknotes. The Post-WWII hyperinflation of Hungary holds the record for the most extreme monthly inflation rate ever — 41,900,000,000,000,000% (4.19 × 1016%) for July, 1946, amounting to prices doubling every fifteen hours.
One way to avoid the use of large numbers is by declaring a new unit of currency (an example being, instead of 10,000,000,000 Dollars, a bank might set 1 new dollar = 1,000,000,000 old dollars, so the new note would read "10 new dollars".) An example of this would be Turkey's revaluation of the Lira on January 1, 2005, when the old Turkish Lira (TRL) was converted to the new Turkish Lira (YTL) at a rate of 1,000,000 old to 1 new Turkish Lira. While this does not lessen actual value of a currency, it is called redenomination or revaluation and also happens over time in countries with standard inflation levels.
By late 1923, the Weimar Republic of Germany was issuing fifty-million Mark banknotes and postage stamps with a face value of fifty billion Mark. The highest value banknote issued by the Weimar government's Reichsbank had a face value of 100 trillion Mark (100,000,000,000,000). [3]. One of the firms printing these notes submitted an invoice for the work to the Reichsbank for 32,776,899,763,734,490,417.05 (3.28×1019, or 33 quintillion) Marks.[4]
The largest denomination banknote ever officially issued for circulation was in 1946 by the Hungarian National Bank for the amount of 100 quintillion pengő (100,000,000,000,000,000,000, or 1020). image (There was even a banknote worth 10 times more, i.e. 1021 pengő, printed, but not issued image.) The banknotes however didn't depict the number, making the 500,000,000,000 Yugoslav dinar banknote the world's leader when it comes to depicted zeros on banknotes. The Post-WWII hyperinflation of Hungary holds the record for the most extreme monthly inflation rate ever — 41,900,000,000,000,000% (4.19 × 1016%) for July, 1946, amounting to prices doubling every fifteen hours.
One way to avoid the use of large numbers is by declaring a new unit of currency (an example being, instead of 10,000,000,000 Dollars, a bank might set 1 new dollar = 1,000,000,000 old dollars, so the new note would read "10 new dollars".) An example of this would be Turkey's revaluation of the Lira on January 1, 2005, when the old Turkish Lira (TRL) was converted to the new Turkish Lira (YTL) at a rate of 1,000,000 old to 1 new Turkish Lira. While this does not lessen actual value of a currency, it is called redenomination or revaluation and also happens over time in countries with standard inflation levels.
Quote - (mad_onion @ Jul 21 2008, 11:23)
i can't believe that some people think that we should just leave the situation as it is. it is EVERYONE'S duty to protect the human rights of others.
it really does seem like nobody cares because there's very little to gain, which just shows you how greedy humanity is (not that we didn't know that already)
it really does seem like nobody cares because there's very little to gain, which just shows you how greedy humanity is (not that we didn't know that already)
There are many countries around the world in this situation, Somalia and Sudan to name 2.
South Africa, Mozambique, Botswana and Zambia should be dealing with this.
Mugabe wants to have white soldiers come and rid his country of him to prove a point about white colonialism.
When Rhodesia went back to being called Zimbabwe and it was run by a citizen of it's country, Mugabe was
asked if he liked 'white people' and 'white farmers', he said he did, he believed they were the foundations
that will make Zimbabwe a force amongst Africa and the world, producing crops and food etc.
What a load of Cod-wash.
He reminds me of Hitler, with his lickle mustache.
Fake President: Robert Mugabe Click to view attachment
True Elected President: Morgan Tsvangirai Click to view attachment
By the end of the year, Mugabe will be gone I guess, give it a couple of weeks and he will end up either dead or an asylum seeker.
He will end up like, Idi Amin Click to view attachment, running away from Uganda after breaking it into nothing.
I can't believe that his own people haven't turned on him yet
Quote - (Quick Reply @ Jul 21 2008, 12:28)
I can't believe that his own people haven't turned on him yet
They couldn't if they tried. Mugabe pays soldiers like we pay CEO's in Zimbabwe. Anyone who dares challenge him is taking on a force of well paid and well looked-after militia, who's only purpose is to now protect their 'leader'.
The entire reason Tsvangirai stepped down is because even though the people supported him, the Militia were making sure that the people knew it was an unsafe decision to support him.
As for the 'coalition' interfering, why would we, there's nothing there worth stealing? I would personally love to see us doing something beneficial in Zimbabwe, but there's nothing we want from them, so why would we.
Quote - (Majesticmerc @ Jul 21 2008, 12:39)
They couldn't if they tried. Mugabe pays soldiers like we pay CEO's in Zimbabwe. Anyone who dares challenge him is taking on a force of well paid and well looked-after militia, who's only purpose is to now protect their 'leader'.
The entire reason Tsvangirai stepped down is because even though the people supported him, the Militia were making sure that the people knew it was an unsafe decision to support him.
As for the 'coalition' interfering, why would we, there's nothing there worth stealing? I would personally love to see us doing something beneficial in Zimbabwe, but there's nothing we want from them, so why would we.
The entire reason Tsvangirai stepped down is because even though the people supported him, the Militia were making sure that the people knew it was an unsafe decision to support him.
As for the 'coalition' interfering, why would we, there's nothing there worth stealing? I would personally love to see us doing something beneficial in Zimbabwe, but there's nothing we want from them, so why would we.
Im sure George W could prolly find some weapons of mass destruction if you ask him nicely..
Quote - (Quick Reply @ Jul 21 2008, 12:28)
I can't believe that his own people haven't turned on him yet
As mentioned, when the "military" follow you into the voting both to ensure you vote for the "right guy." Or attack anyone who doesn't have any inked finger (proof you voted already) Or just kill suspected voters of the "enemy" there isn't a lot you can do, thats why they need some guys from our side army to sneak in there and spray a couple of bullets around at a couple of people....USA and UK has black soliders. Send them in that'll screw mugabe and his whole White man theory right up.
sheesh, and I thought we had it bad, $100 billion doesn't even buy them a loaf of bread!
Ouch,
1 GBP = $5.4B ZWD,
1 EUR = $4.3B ZWD,
1 USD = $2.7B ZWD
How long does everyone recon before they scrap it completely. 4 apples? thats just insane!
1 GBP = $5.4B ZWD,
1 EUR = $4.3B ZWD,
1 USD = $2.7B ZWD
How long does everyone recon before they scrap it completely. 4 apples? thats just insane!
Do they circulate pennies? How do they spend these amounts?
I was looking for zimbabwe mone on ebay and I have noticed they seem to have expiration date. For example:
The note has about 8 months running time. So even if you own a lot of money in zimbabwe, they will expire soon..
The note has about 8 months running time. So even if you own a lot of money in zimbabwe, they will expire soon..
thats a cheque payable to cash OR bank note from their reserve bank seeing as they would be needing money now.. judging the inlfation rate lol mite of paid say 100000 or 1000000 for it and it would turn into 100 mill by the end of the yr
Ah, we talk about this in Economics all the time. Exactly like Germany after the War.
If ever there was a country better off under imperialism, its zimbabwe (Rhodesia???)
Yeah guys, things here are tough. But It is a rather tricky situation. They are holding talks but all I seem to think about is what can be done to address the problem with the economy? Nothing has been done to rekindle the exports that we used to have. Agricultural input is non-existant, our mining sector is pear-shaped and horticulture is silly. I don't know. About the country being better off under Imperialism.....I cannot make a comment on that, I was not born yet. But I can tell you this though: Things were never this bad.
I'm willing to kill Mugabe, if you want to and as long as you don't repay me with your currency.
Many things can be done to help Zimbabwe, and the world CAN offer that help. But you need to get rid of Mugabe and his entire corrupt regime first, or it will all be for nothing.
I don't expect you to comment on that, btw. I fully expect your internet to be monitored in some way, so PLEASE don't take the risk of commenting negatively on Mugabe in any way. Stay safe.
I don't expect you to comment on that, btw. I fully expect your internet to be monitored in some way, so PLEASE don't take the risk of commenting negatively on Mugabe in any way. Stay safe.
wow, its just crazy. We might see a 100 trillion note come out in the following months...
We need the US Administration to interfere.
Quote - (Sazz181 @ Jul 22 2008, 10:37)
We need the US Administration to interfere.
I think we should dust off the old battleships, get the muskets out and rebuild the Empire, like old times.
But in all seriousness, I think mugabe is a puppet for the military, we should just get rid of the top brass, essentially cut the head off.
Quote -
I think we should dust off the old battleships, get the muskets out and rebuild the Empire, like old times.
But in all seriousness, I think mugabe is a puppet for the military, we should just get rid of the top brass, essentially cut the head off.
But in all seriousness, I think mugabe is a puppet for the military, we should just get rid of the top brass, essentially cut the head off.
Indeed. If we take away Mugabe, he will surely be replaced by someone with similar intentions.
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