$100000000000000 dollar note (2 Viewers)

[Darnie]

Mugabe's deadly farce: 100 trillion dollar note
January 16, 2009 - 5:13PM





Zimbabwe will introduce a 100 trillion dollar note, in its latest attempt to keep pace with hyperinflation that has left the once-vibrant economy in tatters, state media said on Friday.
The new bill would have been worth about $US300 ($A450) at Thursday's exchange rate on the informal market, where most currency trading now takes place, but the value of the local currency erodes dramatically every day.
The Reserve Bank of Zimbabwe is introducing three other notes in trillion-dollar denominations of 10, 20 and 50, the government mouthpiece Herald newspaper said.
AFP

Mugabe's deadly farce: 100 trillion dollar note - World - smh.com.au

Could things get any worse for mugabe and zimbabwe?
is there a way out?
could mugabe get any worse?

(i'm hoping i have the correct number of zero's)

 

[Iron]

Say what you will about the imperialists, but they knew how to run shit.

 

[TehAzner]

lol that's the right number of zeroes rofl. Btw, if you're interested one Aussie Dollar gets you around 10,607,148 Zimbabwean Dollars

 

[Graney]

When will this regime end, what is wrong with the world?

Seriously, I find this really upsetting

 

[Lentern]

I don't get it, how does he and his band of merry men come to think, "Hey I know what will help, printing more money" Maybe they print more than they tell anyone and hope to profit through foreign trade? There is stupidity like Mao's great leap forward but you could atleast see some reasoning behind it. This just seens so dumb, surely a 12 year old could say "oh shit that doesn't work" introduce a new currency and stop printing more money.

 

[Will Shakespear]

worth picking up a few just in case their economy ever recovers

 

[zstar]

Coming soon to the United States of America.

 

[Pace_T]

i could turn into a millionaire in zimbabwe overnight. awesome

 

[Timothy.Siu]

I don't get it, how does he and his band of merry men come to think, "Hey I know what will help, printing more money" Maybe they print more than they tell anyone and hope to profit through foreign trade? There is stupidity like Mao's great leap forward but you could atleast see some reasoning behind it. This just seens so dumb, surely a 12 year old could say "oh shit that doesn't work" introduce a new currency and stop printing more money.

lol that was like some guy in my year,

"why dont the african countries just print more money"

 

[Rainie]

Fail.

Yep, travel to Zimbabwe and buy all their properties and you can become a billionaire and then monopolize the government because Mugabe's a dickhead

 

[blue_chameleon]

Fail.

Yep, travel to Zimbabwe and buy all their properties and you can become a billionaire and then monopolize the government because Mugabe's a dickhead

...and get your hands cut off in the process.

 

[cxlxoxk]

worth picking up a few just in case their economy ever recovers

i don't think it ever will

 

[Mike Larry]

customer: i'll just grab that loaf of bread mate
shop owner: that'll be 30 trillion thanks
customer: sorry, i've only got a 100 trill note on me.

 

[Rafy]

They need to just abandon this currency.

Printing more money just exacerbates the problem.

 

[RogueAcademic]

They need to just abandon this currency.

Printing more money just exacerbates the problem.

They can't. They'd have to go back to early-civilisation bartering, and all they've got to barter with are emaciated goats and dehydrated cauliflowers. And even that will get inflated. Can you imagine swapping 1000000000 dehydrated cauliflowers for a loaf of Swiss bread?

 

[Graney]

According to XE.com, 100 trillion Zimbabwe is worth
10,642,733.0544642 AUD

Same from oanda.com.

Also
Notice: The Zimbabwe government redenominated the ZWD on August 1, 2008 at a rate of 10,000,000,000 old ZWD to 1 new ZWD. No new currency code has been issued, but the old ZWD currency remains legal tender until December 31, 2008.

I don't get it. The worlds press have the exchange rate wrong? Why would they print such a ridiculously valuable note?

 

[Graney]

They can't. They'd have to go back to early-civilisation bartering, and all they've got to barter with are emaciated goats and dehydrated cauliflowers. And even that will get inflated. Can you imagine swapping 1000000000 dehydrated cauliflowers for a loaf of Swiss bread?

Gold standard.

 

[Riet]

When will this regime end, what is wrong with the world?

Seriously, I find this really upsetting

They dont have any oil, fuck it let the niggers kill each other.

 

[kevinx2]

I wonder what it would be like asking for change in the lowest denomination of the Zimbabwean dollah

 

[Omium]

I say Nuke em.