Zimbabwe’s currency has been essentially worthless in-country for months. Now the Zimbabwe dollar is officially worth more on eBay, where collectors can snap up a few trillion-dollar notes for less than $25. Technically, a currency exchange would give you 37 million Zimbabwe dollars for every U.S. dollar, but since Zimbabwe’s government recently suspended its currency altogether, you probably shouldn’t bother. They’re worth far more as novelty items. (HT: Paul D) [%comments]
Zimbabwe’s Novel Currency
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I too wanted increase my net-worth (and did it the “Ebay way!”) Now my buddy’s band is “huge in canada” and I’m a “hundred trillionare in Zimbabwe”… Somehow I doubt I’ll make the list in Forbes, though.
I actually thought about this a while ago as a way of actually trying to help their economy. It pulls the inflationary dollars out of the system (to an incredibly small degree I realize) and gets money to people who likely need it quite a bit. Definitely small scale charity but I bet that doesn’t matter much to the people in Zimbabwe. Its like a small scale kind of perverse forex.
A friend went to Zimbabwe over Christmas and brought back a $1 note for me.
My question is: Given that higher-denomination notes appear to be more common, is one Zimbabwean dollar worth more than one hundred million of them, on an exchange such as eBay?
I am zimbabwean,it was a huge problem for us even to keep up with our currency.it is a shame though bcoz its such a beautiful country.
Rhodesia was a wonderful country! It’s a pity to remember when the Rhodesian $1 was worth more than a US$1, and could buy a decent meal in Harare.
Now, our land’s currency is the butt of South African toilet tissue jokes!
Bring back relatively free markets, the rule of law, especially equal protection under the law, and the country could improve substantially in another generation.
For Goodness Sake!
Can’t anyone say “communism” ??
That is exactly what destroyed Zimbabwe. And it is destroying every other country in the world. Can any honest, objective person look at the policies of Barack Obama and not label them as clearly communistic? And the USA is still one of the last partial bastions of freedom. But the partial freedom in the USA is slipping away fast, just like it did in Zimbabwe and elsewhere. Just look at how many countries there are where you can’t even own land or a gun. Freedom will disappear from Earth for the next 400 years. Alas!
As i visited a Zibamwean game reserve,i was amazed to exchange trillions of zibambwean currency from my few Kenyan notes.But why?Economic reforms need to be carried out by Zibambean government.By focusing on their injections in bussiness cycle and improving on regional trade,such currency devaluation shall lessen.I believe my next trip five years to come shall be different,or else should there be need taking with me 100 Kenyan note?Obviously, i might have excess for mt trip.