The Chip Board
Custom Search
   


The Chip Board Archive 19

Re: Big $ 10,000 Plaque from Zimbabwe at Ebay

Apparently, new bank notes of $20 billion and $50 billion are being released at the moment. The official exchange rate is now at 10 million for one US$, the black market pays around 25 billion. The monthly inflation rate is somewhere above 10,000%. New bank notes are being issued almost on a weekly basis. The government has legalised foreign currency shops and is debating whether or not to allow the full dollarization of the economy. US$ and South African Rand are now widely used in Zimbabwe. There was talk that Zimbabwe might adopt the Rand as its currency, with the support of the South African Reserve Bank.

Messages In This Thread

Big $ 10,000 Plaque from Zimbabwe at Ebay
Re: Big $ 10,000 Plaque from Zimbabwe at Ebay
Re: Big $ 10,000 Plaque from Zimbabwe at Ebay

Copyright 2022 David Spragg