Post by: HankB on July 31, 2008, 05:16:16 AM
Their largest banknotes - most recently, Z$100,000,000,000 - were not quite enough to purchase a single loaf of bread in Harare (If you could FIND a loaf of bread to purchase!) and ATMs and cash registers were not set up to deal with transactions of hundreds of billions (or even trillions) of dollars, so they had to address the issue.
Obviously, it's a problem created by George Bush, Queen Elizabeth, Tony Blair, and various other sundry white devils.
Post by: El Tejon on July 31, 2008, 05:36:21 AM
Post by: wmenorr67 on July 31, 2008, 05:38:14 AM
Post by: HankB on July 31, 2008, 05:46:27 AM
Have they blamed Ian Smith yet?
He's one of the ". . . sundry white devils."
Post by: El Tejon on July 31, 2008, 06:43:43 AM
White Devil Police=>
Post by: yesitsloaded on July 31, 2008, 06:59:13 AM
Post by: alex_trebek on July 31, 2008, 07:32:33 AM
So if the money isn't worth the paper it is printed on are you not losing money for every bill you print? Wouldn't it have been better just to burn some of the old money and tighten up the money supply, thus raising the value of the money? Or is this some African economic nonsensical retardedness.
Careful there..... Ever wonder why no one counterfeits the $1 bill? It costs more than $1 to print, even the fake ones IIRC. Also our government likes to create more money when it is convenient....
Post by: Regolith on July 31, 2008, 08:37:45 AM
So if the money isn't worth the paper it is printed on are you not losing money for every bill you print? Wouldn't it have been better just to burn some of the old money and tighten up the money supply, thus raising the value of the money? Or is this some African economic nonsensical retardedness.
Careful there..... Ever wonder why no one counterfeits the $1 bill? It costs more than $1 to print, even the fake ones IIRC. Also our government likes to create more money when it is convenient....
Actually, no. There's a pretty large profit margin on dollar bills.
Now, it does currently cost more to make a penny than they're worth. The mint is currently considering going to cheaper metals like steel in order to save money.
Post by: Scout26 on July 31, 2008, 05:40:37 PM
(Not to mention the 80%+ unemployment rate in Zimbabwe).
And yes, El Tejon is correct, It's all the white man's fault....especially the one they call Fistful...
Post by: Antibubba on July 31, 2008, 10:20:50 PM
Post by: The Annoyed Man on August 01, 2008, 03:09:46 PM
I'll have to see if my bank can get me a few billion Zimbabwe $$.
Check eBay. I've seen those bills for sale there.