Zimbabwe releases $500,000,000 note (2 Viewers)

[Pace_T]

on big brother friday night live wasnt it $20,000 zimbabwe dollars equals $1AU??? (or was ita completely different country all together?)
fuck is inflation that god damn high that it went to this in about 2 weeks? HAHAHA

 

[Graney]

There's a $2 zimbabwe banknote on ebay going for US$12.95. Currency trading is lucrative.

 

[boris]

so basically i have like 961538461538.46153846153846153846 zimbabwean dollars

 

[Raven3333]

The only way to stop this inflation would be to back the currency with gold aka a gold standard then once the government has enough trust/stability decrease the gold standard to 50%, 40%, 30% etc until it is totally gone.

 

[Aryanbeauty]

Inflation under weimar republic in Germany was worse than this.

Here is 1 Trillion Mark note in Germany

 

[kaz1]

They can replace their currency with another currency like I heard some Pacific Island nations use the Australian Dollar.

 

[Apey MatrixElf]

Whoa.
The Zimbabwean economy is FUCKED.

I think that, and the Germanic $1 billion-Mark note, take the cake.
It's ridiculous!!!!!!!!!!!!!!!!
(Rolls eyes).

I think they should start over and back the new system with gold, agreed!
Everything else fluctuates in value dreadfully, but gold is always high, and generally climbing, in value. If they somehow took over Sudan (as if) and started mining...

Or maybe they'd be better off with simple trading: food etc.
Something - anything - to kick it off!!!!!!!

Communism is fantastic in theory, but in practice (as with virtually any momentous idea), it's not exactly what I'd label as "wonderful".

 

[JaredR]

Bring back the Republic of Rhodesia! The white settler governments would never have allowed this to happen!

 

[kony]

there was a 500 billion dinar note from yugoslavia.

http://en.wikipedia.org/wiki/Image:500000000000_dinars.jpg