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Rest in Peace
Netherlands
153 Posts |
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Today Zimbabwe has reorganized its finances. They go from the Zimbabwe dollar to the US dollar. The exchange rate is - yes this is real - 35,000,000,000,000,000 Zimbabwe dollars for 1 US dollar.
My most recent catalog is from 2011 and does not show anything spectacular. Has anyone seen his reflected in the stamps issued by Zimbabwe?
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Pillar Of The Community
United Kingdom
8579 Posts |
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As far as I know, Zimbabwe abandoned its currency in 2009 because of hyperinflation. Since then, it's used a variety of more stable, foreign currencies. |
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Valued Member
United States
299 Posts |
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Pillar Of The Community
United States
6430 Posts |
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Bedrock Of The Community
United States
10599 Posts |
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I think it is also equal to 35 thousand
million million. |
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| Edited by revcollector - 06/12/2015 9:51 pm |
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Moderator
1589 Posts |
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Quote:
I think it is also equal to 35 thousand
million million Well, that's just 35 million billions.  |
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Pillar Of The Community
United States
2055 Posts |
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Just think, with about 30 bucks in US money, you could be a quintillionaire in Zimbabwean money! |
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Bedrock Of The Community
Australia
38679 Posts |
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Moderator
United States
4788 Posts |
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Nice one, Rod. And to think, my neighbors here in small-town USA complain about 49˘  |
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Bedrock Of The Community
Australia
38679 Posts |
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 I still owe you for the gift of the Scott Specialised....... What do you get a guy that has everything? |
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Valued Member
United States
289 Posts |
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In Other News. Maybe Zimbabwe will print stamps denominated in Bitcoins! http://allafrica.com/stories/201711060751.html Quote:
In Zimbabwe, where the financial system is in disarray, one bitcoin is trading at $13,500, as of Friday, on the local exchange, Golix. The southern African country, which abandoned its own hyperinflation-ravaged currency in 2009 in favour of the U.S. dollar, has run out of hard currency. Its local bond note currency pegged at par with the USD, is fast losing its value dampening confidence in the country's monetary system.
Coins are roughly double the price as in the rest of the world primarily because there is no way to get your money out of the country. |
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Pillar Of The Community
United States
8407 Posts |
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WOW -----you could heat your house on a cold night with $1.00 and $5 and 10 dollar bills of Zimbabwe Dollars. |
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Bedrock Of The Community
Australia
38679 Posts |
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I don't recall ever seeing a collection of later Zimbabwe,
The first years yes, but hyper inflation issues, never.
Just the oddment, here and there, as my example.
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Valued Member
United States
160 Posts |
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Hi Rod, I know there are a lot of zeros in those Zimbabwean stamps, but I think you shortchanged yourself. Look again, they are $450,000 stamps, not $45,000.What's a zero or two anyway, among friends :-) Either way, almost a million bucks to mail a letter. What a crime...... If you'd like, I could go to our local dollar store and send you a cheap pair of spectacles, they help me see stamps better close up (otherwise I have good vision) --Jim Wentzell stampguyaps177-681 |
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| Edited by jimwentzell - 12/09/2017 7:19 pm |
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Bedrock Of The Community
Australia
38679 Posts |
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Ahhh Jim, thanks for broadcasting my ineptitude. I was wondering why people in the last few weeks, have wanted to change money with me. "should have gone to Specsavers"  |
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Replies: 14 / Views: 4,189 |
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Posted 06/12/2015 4:24 pm
