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Zimbabwe introduces 100-billion-dollar note
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Anonymous Coward
User ID: 421935
7/19/2008 10:54 PM
Report abusive post | Zimbabwe introduces 100-billion-dollar note
| Quote |
Is the U.S. going in the same direction?
HARARE (AFP) - Zimbabwe, grappling with a record 2.2 million percent inflation, has introduced a new 100-billion-dollar bank note in a bid to tackle rampant cash shortages, the central bank said Saturday.
The new note will go into circulation on Monday, the bank said in a statement cited by state media, joining about half a dozen new high denomination notes already issued this year.
In January, a 10-million-dollar note was issued, then a 50-million-dollar note in April. In May, notes for 100 million and 250 million dollars were issued, swiftly followed by those for five billion, 25 billion and 50 billion.
The southern African nation, currently gripped by a post-election crisis, has been ravaged by hyperinflation which shot up from 165,000 percent in February to 2.2 million in June.
Independent economists however believe the official inflation figure is grossly understated, estimating it could be running between 10 million and 15 million percent.
Zimbabwe's chronic economic crisis has left at least 80 percent of the population living below the poverty threshold and mass shortages of basic goods in shops.
[link to news.yahoo.com] |
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Anonymous Coward
User ID: 431596
7/19/2008 11:02 PM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
I didn't know black folks could count that high. |
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hardboiledheretic 
User ID: 468296
7/19/2008 11:06 PM
 | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
I didn't know black folks could count that high. Quoting: Anonymous Coward 431596
To those of us in America (myself included) who worry about toughing it out in our current economy, well, here's a reality check posted by the OP.
And AC, that's not very nice.
h |
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Anonymous Coward
User ID: 431596
7/19/2008 11:09 PM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
Your are correct, I am sure there are lots of whites that can't count that high either. My apologies. |
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Anonymous Coward
User ID: 464050
7/19/2008 11:21 PM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
Sounds like the movie "Idiocracy" where a burger cost the one character like 6 billion dollars! |
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Anonymous Coward
User ID: 451237
7/19/2008 11:39 PM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
What the fuck makes you think this can't happen in the U.S.??
What makes us so fucking special??
What if god made you a Zimbabwean? How Fucked up would that be?  |
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Kanigo2
User ID: 442313
7/19/2008 11:40 PM
 | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
Looks like the old U.S.Gov food stamps....
Only worth less.
Alt+F4 Allows GodLikeProductions User to Check Current score in Thread Dialog.
"GLP has some batty shit, but yours takes the fucking biscuit "-Disputed-
Hurray for Anarchy! This is the happiest moment of my life. |
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Shill
User ID: 470809
7/19/2008 11:41 PM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
The economy is great here in Zimbabwe and getting better. Everyone is billionaires and the stock market is the world's highest.
Hey, it's the same crap some post about how "well" the US economy is doing. |
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Anonymous Coward
User ID: 470826
7/20/2008 12:25 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
 |
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malu
User ID: 421073
7/20/2008 12:38 AM
 | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
i was reading about this earlier today, it just doesn't make sense to me? it is just bullshit paper money , like ours, so why would you print anymore?
it is amazing, that a country as great as Rhodesia could end up in such a mess
probably say the same about the US soon enough |
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Smerk
User ID: 470804
7/20/2008 12:40 AM
 | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
HAHA! Yea, which is probably worth the equivalent of USD $1
And so it begins... |
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Anonymous Coward
User ID: 27165
7/20/2008 1:04 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
haow meny belyunneirs |
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Lord Sir Walt U Hazeltree DDS
User ID: 470801
7/20/2008 3:39 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
Quoting: Anonymous Coward 470826
read the story - its mass inflation not a joke
- Lord Sir Walter U. Hazeltree, D.D.S. (Dental Surgeon) (LoL) |
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Anonymous Coward
User ID: 467155
7/20/2008 4:56 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
Who would've thought that Zimbabwe has the highest number of billionares in the world!!
Does Forbes count these people and put them on their list of world's billionares? |
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MBECCU
User ID: 470888
7/20/2008 4:58 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
the ONLY currency in the world that has no fear of counterfeit.
even if one was to reproduce it on plain black and white xerox. the cost of the photocopy is greater than the value of the billion dollar note being copied.
Long live our great leader! |
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Germany
User ID: 470817
7/20/2008 5:17 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
I have a german postage stamp from the 1930s for 1 Billion.
Maybe Mugabe is going to invade Poland soon????? |
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Anonymous Coward
User ID: 470912
7/20/2008 6:57 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
Finnish newspaper wrote that with 100 billion dollars, they can take 2 bus rides or buy 2 breads... (if there is any bread on the shelves)
that's pretty messed up |
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Anonymous Coward
User ID: 470896
7/20/2008 7:47 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
I didn't know black folks could count that high. Quoting: Anonymous Coward 431596
They can't. |
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LouisWinthorpeIII
Self apointed knowitall
User ID: 384893
7/20/2008 8:12 AM
 | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
Who would've thought that Zimbabwe has the highest number of billionares in the world!!
Does Forbes count these people and put them on their list of world's billionares? Quoting: Anonymous Coward 467155
Findout when the NWO says you should die!
[link to www.godlikeproductions.com] |
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gooderboy
User ID: 69281
7/20/2008 9:00 AM
 | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
... my, lol, but them monetary systems out there sure are flexible, aren't they? |
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Anonymous Coward
User ID: 470937
7/20/2008 9:03 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
I didn't know black folks could count that high. Quoting: Anonymous Coward 431596
 Say what you will ,,that great man that controls Zimbabwe has created more trillionaires than anybody in history....I think the far right will do that same thing for the United States. |
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Anonymous Coward
User ID: 470965
7/20/2008 10:20 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
I have a framed 10M & 100M Deutch Mark notes from post WWII Germany.
My mom use to have to take a wheelbarrow full of these to the store for a loaf of bread. |
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Anonymous Coward
User ID: 451237
7/20/2008 10:28 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
the ONLY currency in the world that has no fear of counterfeit.
even if one was to reproduce it on plain black and white xerox. the cost of the photocopy is greater than the value of the billion dollar note being copied.
Long live our great leader! Quoting: MBECCU 470888
 |
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Anonymous Coward
User ID: 327736
7/20/2008 10:52 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
ive never understood why they do that ,.. any country that needs billions or millions to count their money ,..why not just lower the amounts and make the new amount equal to what the old money represented only in a smaller number??? or switch money ,. adopt the dollar. something. i guess billionaires are a dime a dozen there. lol |
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Anonymous Coward
User ID: 470971
7/20/2008 10:55 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
Kewl, everybody in Zimbabwe is a billionaire. Socialism works! |
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Anonymous Coward
User ID: 196275
7/20/2008 10:57 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
no one is clamoring to get into zimbabwe |
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Anonymous Coward
User ID: 418035
7/20/2008 11:47 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
Wonder how much one of those 100 billion notes would fetch on e-bay. |
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Anonymous Coward
User ID: 418035
7/20/2008 11:49 AM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
Check this out:
[link to cgi.ebay.com]
A 500 Million note is going for $112.50!
LMFAO |
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Anonymous Coward
User ID: 438208
7/20/2008 12:37 PM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
Quoting: Anonymous Coward 418035
No wonder the rest of the world laughs at us dumb fucking Americans. |
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Anonymous Coward
User ID: 467155
7/20/2008 12:47 PM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
In 1980 the Zimbabwean dollar was worth MORE than a U.S. dollar!
ZWD 1 = USD 1.47
[link to en.wikipedia.org] |
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Anonymous Coward
User ID: 371314
7/20/2008 12:51 PM | | Re: Zimbabwe introduces 100-billion-dollar note | Quote |
Giving change must be a nightmare over there... |
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