Zimbabwe Issues New $10 million Note

[senob44]

I posted this story not only to announce the $10 million note, but to highlight the tragic and unfortunate inflation troubles of Zimbabwe. Makes you think a little bit about our countries' "problems" with inflation.

Forget the glitzy restaurants of New York and London: only in Zimbabwe would a hamburger actually cost millions of dollars.

The central bank of the southern African country has a issued a 10million Zimbabwe dollar note. The move increases the denomination of the nation's highest bank note more than tenfold.

Even so, a hamburger in an ordinary cafe in Zimbabwe costs 15 million Zimbabwe dollars.
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Zimbabwe faces the world's highest official inflation of an estimated 25,000 per cent. Independent financial institutions say real inflation is closer to 150,000 per cent.

http://www.dailymail.co.uk/pages/li...ews.html?in_article_id=508840&in_page_id=1811

 

[Civickiller80]

I posted this story not only to announce the $10 million note, but to highlight the tragic and unfortunate inflation troubles of Zimbabwe. Makes you think a little bit about our countries' "problems" with inflation.

http://www.dailymail.co.uk/pages/li...ews.html?in_article_id=508840&in_page_id=1811

WOW...did you notice the money has kind of expiration date of June 30th 2008....whats up with that?...and how does that work?...

 

[D-rock]

I would hate to see what a large pizza cost.

 

[Civickiller80]

well at least look on the bright side....almost everyone can say they are multi-millionaires

 

[Becks...poamr]

well at least look on the bright side....almost everyone can say they are multi-millionaires

I'm so in the wrong country.

I can go there and live like the queen I should be.

 

[Will E Worm]

WOW...did you notice the money has kind of expiration date of June 30th 2008....whats up with that?...and how does that work?...

I did. What's up with that? :dunno:

This is how many Zimbabwe dollars were needed to buy a loaf of bread.

:eek: Guess he didn't buy anything to put on or in between the bread.

 

[Vanilla Bear]

I'm so in the wrong country.

I can go there and live like the queen I should be.

you have your own harem and are still not satisfied?

WOW...did you notice the money has kind of expiration date of June 30th 2008....whats up with that?...and how does that work?...

on or before June 30th 2008?

they dont know the exact release date?

:dunno:

 

[dick van cock]

I hope Mugabe's face is printed on the bill. That'll give his abused people the chance to spit, trample and shit on his retarded head. :crash:

... there are worse Presidents than GW Bush out there, folks!

 

[jdb67]

A very tragic situation that could/should have been delt with years ago. But shit happens when zimbabwe doesnt have natural resoures such as oil.

 

[AFA]

Even so, a hamburger in an ordinary cafe in Zimbabwe costs 15 million Zimbabwe dollars.

Inflation is our friend! I understand everyone here will slowly but surely also become millionairres, so the US future economic situation looks bright.


Would you like to double your winnings and go for the $1 million top prize or quit now and go home with the baloney sandwich?

 

[Friday on my mind]

http://en.wikipedia.org/wiki/Hyperinflation
Germany went through its worst inflation in 1923. In 1922, the highest denomination was 50,000 Mark. By 1923, the highest denomination was 100,000,000,000,000 Mark. In December of 1923 the exchange rate from marks to US dollars was 4,000,000,000,000:1. During the worst times, one U.S. dollar was equal to 80 billion Mark.



Inflation 1923-24: A German woman feeding a stove with currency notes, which burn longer than the amount of firewood they can buy.
http://upload.wikimedia.org/wikipedia/commons/c/ca/Inflation-1923.jpg

 

[AFA]

I'm so in the wrong country.

I can go there and live like the queen I should be.

Yes, your new Hyndai Sonata will cost about $100 billion, and a full tank of gas will be about $150 million. Just think how impressed everyone will be.

 

[senob44]

http://en.wikipedia.org/wiki/Hyperinflation
Germany went through its worst inflation in 1923. In 1922, the highest denomination was 50,000 Mark. By 1923, the highest denomination was 100,000,000,000,000 Mark. In December of 1923 the exchange rate from marks to US dollars was 4,000,000,000,000:1. During the worst times, one U.S. dollar was equal to 80 billion Mark.

I had read some things like that about Germany before. Those who were lucky enough to have jobs were paid twice a day (once at noon and once at the end of the day) since that money they earned at noon would be worthless by the time they got out of work in the evening.

So they paid them at lunchtime and they spent their lunch buying up as many durable goods and foodstuffs as they could afford.

 

[tartanterrier]

I guees thats why thousands of Zimbabweans are fleeing illegally to South Africa. :ban:

 

[Facetious]

Good 'ol Rhodesia !

My very 1st post on FreeOnes -

http://board.freeones.com/showthread.php?t=134041&highlight=Zimbabwe

May 2006 price of one roll of toilet tissue $417.00 !



All of the evil white anglo farmers . . . ripped out of their homes and farms, raped and murdered . . . the indigenous then starve. :dunno: nice trade off ! What purpose does the ineffectual U.N. serve ?

 

[Becks...poamr]

you have your own harem and are still not satisfied?

I'm spoiled.

Yes, your new Hyndai Sonata will cost about $100 billion, and a full tank of gas will be about $150 million. Just think how impressed everyone will be.

Interesting.

 

[Facetious]

Even so, a hamburger in an ordinary cafe in Zimbabwe costs 15 million Zimbabwe dollars.

A hamburger of what is in question. xxxxxx ukey:


I wonder what an "ordinary cafe" appears like in this most fertile yet gyad forsaken land ' ? '

 

[Artimus]

The Zim government erased 3 zeros from the currency about a year ago, so in reality that's $10 billion bill.

 

[D-rock]

I just won 100 million dollars in the Zimbabwe lottery. All I had to do to collect my winning is send them a $200 dollar transfer fee. :tongue:

 

[gunslingingbird]

Yes, your new Hyndai Sonata will cost about $100 billion, and a full tank of gas will be about $150 million. Just think how impressed everyone will be.

Are you talking about the US next summer?