Zimbabwean dollar - Wikipedia
In the Guardian, on 18 July 2008, a report on Zimbabwe’s inflation, said that an egg costs ZW$50 billion (GBP 0.17, USD 0.32), and it showed adverts for prizes of Z$100 trillion in a Zimbabwean derby and ZW$1.2 quadrillion ($1,200,000,000,000,000.00: ~GBP 2,100; USD 4,200) in a lottery. It also showed a monthly war pension currently is ZW$109 billion (GBP 0.37, USD 0.74), shops can only cash cheques if the customer writes double the amount, because the cost will go up by the time the cheque has cleared, and people can only withdraw a maximum of ZW$100 billion from cashpoints.
Today they issued a 100 billion dollar bill. If I’ve done my math right that’s worth around 30,000 USD. Suppose I was interested in investing in this new ZWD note. Where could I get one?
obligatory image
Not only did I post this in the wrong forum, but someone else already posted a similar thread in GQ! :smack:
You’ve done your math wrong, from looking at the bit you quoted. If ZW$50 billion=US 32 cents, then ZW$100 billion would cost you 64 cents.
If you wait until tomorrow, it will be worth a nickel.
BTW, they’re all over ebay, but they’re pretty pricey (~$40) for something that worthless.
Mtgman
July 24, 2008, 9:34pm
6
According to xe.com
Universal Currency Converter© Results Using live mid-market rates.
Printed from the XE Universal Currency Converter at: Xe Currency Converter - Live Exchange Rates Today
Memo:
Live rates at 2008.07.24 21:27:25 UTC
Notice: The ZWD rate shown below is the official rate. Actual available ZWD rates may vary significantly.
Notice: The Zimbabwe government claims that a redenomination of the ZWD is imminent.
5.36 USD = 100,132,987,466.25 ZWD
1 USD = 18,681,527,512.36 ZWD 1 ZWD = 0.00000000005353 USD
So about USD 6, counting postage, for a hundred billion ZWD.
Enjoy,
Steven
Thanks, I used some currency converter wrongly.
In the future I am posting all my GQs in GD! jp
Moderator’s Note: Since this was opened in the wrong forum and there’s a similar thread already in GQ, I’ll direct further discussion to that thread.