Zimbabwe has just $217 in the bank, finance minister reveals

[faze]

[QUOTE=Cheat_God;39413499]I could've sworn those bills were de-commissioned after the currency stabilized a little more because they were worth an obscene amount of money at that time.

If not, he's got a good 280 million dollars according to the exchange rate above.[/QUOTE]

I saw that in the exchange rate too, but the bills are worthless, somehow.

[Col. Buggernuts]

[QUOTE=Cheat_God;39413499]I could've sworn those bills were de-commissioned after the currency stabilized a little more because they were worth an obscene amount of money at that time.

If not, he's got a good 280 million dollars according to the exchange rate above.[/QUOTE]They re-valued their currency a while ago, knocked quite a few digits off the end of it.

[faze]

[QUOTE=Sgt Doom;39413567]They re-valued their currency a while ago, knocked quite a few digits off the end of it.[/QUOTE]

Yeah I saw that back in 2009 the 100 trillion dollar bill was worth 300 bucks, but now is worthless. Had I have known it was worth that in '09, I would have sold it. Oh well, maybe it'll spike back up one day.

Still not understanding how the currency conversion says 100 trillion is worth like 280 million USD, yet the bill itself is worthless...

[Boba_Fett]

[QUOTE=latin_geek;39412057]mugabe just started printing money until the mints ran out of paper, and by that time the money was worth less than the paper used to make it
[IMG]http://1.bp.blogspot.com/_FtuG0ZOGjI4/Sd-PvOTDDDI/AAAAAAAAA7c/KjFOXCukDLE/s1600/zimbabwe-money-poster-wall.jpg[/IMG]
for reference, the current exchange rate is 361900 Zimbabwean Dollars to 1 US Dollar.[/QUOTE]
[img_thumb]http://2.bp.blogspot.com/_L5EFG-vZEHo/TLnCSRqRHDI/AAAAAAAADNo/9U6dvFezATQ/s400/Ben+Bernanke.png[/img_thumb]

[Col. Buggernuts]

[QUOTE=faze;39413592]Yeah I saw that back in 2009 the 100 trillion dollar bill was worth 300 bucks, but now is worthless. Had I have known it was worth that in '09, I would have sold it. Oh well, maybe it'll spike back up one day.

Still not understanding how the currency conversion says 100 trillion is worth like 280 million USD, yet the bill itself is worthless...[/QUOTE]I'm guessing it's because nobody trusts Zimbabwean currency; usually devalues so quickly that nobody outside Zimbabwe ever wants any of it except for novelty reasons.

[scout1]

[QUOTE=faze;39413592]Yeah I saw that back in 2009 the 100 trillion dollar bill was worth 300 bucks, but now is worthless. Had I have known it was worth that in '09, I would have sold it. Oh well, maybe it'll spike back up one day.

Still not understanding how the currency conversion says 100 trillion is worth like 280 million USD, yet the bill itself is worthless...[/QUOTE]

They revalued their currency. The 100t bill is from the old denominations.

[faze]

[QUOTE=scout1;39413665]They revalued their currency. The 100t bill is from the old denominations.[/QUOTE]

So different bills are worth different amounts regardless of the specific dollar amount? That's kind of retarded.

[FreakyMe]

It's really weird to think that I as a borderline starving American citizen can still afford to double their entire country's budget.

I wonder how much it costs to mail 1 USD to Zimbabwe.... I could send their government a 5 dollar bill per month, and help support their country.

[scout1]

[QUOTE=FreakyMe;39413719]It's really weird to think that I as a borderline starving American citizen can still afford to double their entire country's budget.

I wonder how much it costs to mail 1 USD to Zimbabwe.... I could send their government a 5 dollar bill per month, and help support their country.[/QUOTE]

Cash reserves are not the budget

[FreakyMe]

[QUOTE=scout1;39413761]Cash reserves are not the budget[/QUOTE]

Ah, too sleepy to read correctly then. Fair enough.. I imagine they would appreciate it though.

[Pardalis]

[QUOTE=faze;39413592]Yeah I saw that back in 2009 the 100 trillion dollar bill was worth 300 bucks, but now is worthless. Had I have known it was worth that in '09, I would have sold it. Oh well, maybe it'll spike back up one day.

Still not understanding how the currency conversion says 100 trillion is worth like 280 million USD, yet the bill itself is worthless...[/QUOTE]

new currency
[QUOTE]The mineral rich country is now using the US dollar and the South African rand.[/QUOTE]

[EddieLTU]

if we pay our savings(atleast 1%), we will become superstars in Zimbabwe

well, why don't Zimbabwe take a loan from IMF?

[dai]

[QUOTE=FreakyMe;39413719]I wonder how much it costs to mail 1 USD to Zimbabwe.... I could send their government a 5 dollar bill per month, and help support their country.[/QUOTE]

for the cost of a cup of coffee, you too could support [i]every child in zimbabwe ever[/i]

[paramud]

We should pool our money and buy Zimbabwe.

[backdoorbaron]

[QUOTE=Paramud;39414114]We should pool our money and buy Zimbabwe.[/QUOTE]

I'm saving up for the FP private island resort!

[redhaven]

[QUOTE=daijitsu;39413976]for the cost of a cup of coffee, you too could support [i]every child in zimbabwe ever[/i][/QUOTE]
More like, you can BUY Zimbabwe!

[Matriax]

Zimbabwe owning 217 USD is like Britain owning 1.6 Hyperbulililon GBP.

We should adopt their economic policies, they seem to be working.

[Yuluthu]

It's probably because all their generals keep offering to put it in the bank account of random americans

[dai]

[QUOTE=Matriax;39414294]Zimbabwe owning 217 USD is like Britain owning 1.6 Hyperbulililon GBP.[/QUOTE]

z$78,532,300
zGBP49,751,232.97

[butre]

[QUOTE=latin_geek;39412057]mugabe just started printing money until the mints ran out of paper, and by that time the money was worth less than the paper used to make it
[IMG]http://1.bp.blogspot.com/_FtuG0ZOGjI4/Sd-PvOTDDDI/AAAAAAAAA7c/KjFOXCukDLE/s1600/zimbabwe-money-poster-wall.jpg[/IMG]
for reference, the current exchange rate is 361900 Zimbabwean Dollars to 1 US Dollar.[/QUOTE]

it's 361.900, not 361900

[mobrockers2]

[QUOTE=ButtsexV3;39415110]it's 361.900, not 361900[/QUOTE]

What's the difference..

[sambooo]

[QUOTE=mobrockers2;39415146]What's the difference..[/QUOTE]

3 orders of magnitude if you use commas to group digits like a real man

[mobrockers2]

[QUOTE=sambooo;39415232]3 orders of magnitude if you use commas to group digits like a real man[/QUOTE]

Oh right :v:

[butre]

[QUOTE=mobrockers2;39415146]What's the difference..[/QUOTE]

3 whole digits you goof

[Missing User]

[QUOTE=scout1;39413761]Cash reserves are not the budget[/QUOTE]

however, foreign investment accounts for gdp

[Gekkosan]

[QUOTE=Techno-Man;39411938]I have decided to donate to Zimbabwe in their time of need.
[IMG]http://www.significancemagazine.org/SpringboardWebApp/userfiles/sig/image/ChampkinUploads/Zimbabwe_$100_trillion_2009_Obverse%281%29.jpg[/IMG][/QUOTE]

Interesting how instead of some butt-ugly face they printed a pile of stones on the bill.

[Daniel Smith]

Why doesn't anyone buy Zimbabwe?

[zombays]

[QUOTE=smurfy;39411996]They have $7.7 billion of debt[/QUOTE]

So, they [I]are[/I] richer than America? Hahahahahahah

[Vintage Thatguy]

i thought the currency in africa was a handful of crickets

[Missing User]

[QUOTE=zombays;39416490]So, they [I]are[/I] richer than America? Hahahahahahah[/QUOTE]

I would rather live in this country of debt that one where they have $217 in the bank