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$175 Quadrillion Zimbabwe Dollars Equal How Much U.S.?

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Postby Wayne S. Noches on 13 Jun 2015 10:23

$175 Quadrillion Zimbabwe Dollars Equal How Much U.S.?

$5.

The exchange rate is $1 to S35,000,000,000,000,000.

So it comes as no surprise that Zimbabwe is scrapping its local currency in favor of the U.S. dollar, reports the Telegraph.

Zimbabweans will be able to exchange their almost worthless local currency for the American dollar from Monday until the end of September.

The U.S. dollar has been used in the country since 2009, but now the local currency is being officially phased out.

People with accounts of up to 175 quadrillion — 175,000,000,000,000,000 — will be paid $5.

Those with more in the bank will get an exchange rate of $1 to 35 quadrillion.

Hyper-inflation has long ruined the Zimbabwe currency.

In 2008, the country printed its highest ever banknote, a 100 trillion dollars.

This was enough to buy a weekly bus ticket.

Source
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Postby pod on 13 Jun 2015 10:37

Re: $175 Quadrillion Zimbabwe Dollars Equal How Much U.S.?

Proof that the Brits let their African colonies go too early.
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Postby JMT on 13 Jun 2015 10:54

Re: $175 Quadrillion Zimbabwe Dollars Equal How Much U.S.?

And proof that you can't print your way to prosperity.

Mugabe really fucked that country up good.
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Postby Dade on 14 Jun 2015 12:34

Re: $175 Quadrillion Zimbabwe Dollars Equal How Much U.S.?

Yeah...been there. Everywhere you go people are trying to sell you currency as a souvenir.
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Postby pod on 14 Jun 2015 15:27

Re: $175 Quadrillion Zimbabwe Dollars Equal How Much U.S.?

Is it bad if I still think of it as Rhodesia?
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Postby benm3 on 14 Jun 2015 16:26

Re: $175 Quadrillion Zimbabwe Dollars Equal How Much U.S.?

Talk about literally not being worth the paper it's printed on...
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Postby pod on 15 Jun 2015 19:23

Re: $175 Quadrillion Zimbabwe Dollars Equal How Much U.S.?

benm3 wrote:Talk about literally not being worth the paper it's printed on...


They outsource their currency printing to G&D in Germany and I'm betting they take a hit printing their money.
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Postby Dade on 15 Jun 2015 21:20

Re: $175 Quadrillion Zimbabwe Dollars Equal How Much U.S.?

It's pretty funny. You can buy trillion dollar bills for a buck and you're still getting ripped off.
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Postby pod on 15 Jun 2015 21:30

Re: $175 Quadrillion Zimbabwe Dollars Equal How Much U.S.?

Dade wrote:It's pretty funny. You can buy trillion dollar bills for a buck and you're still getting ripped off.


One of my friends did just that, and felt cheated. He still has the bill though.
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Postby Dade on 16 Jun 2015 16:47

Re: $175 Quadrillion Zimbabwe Dollars Equal How Much U.S.?

pod wrote:
Dade wrote:It's pretty funny. You can buy trillion dollar bills for a buck and you're still getting ripped off.


One of my friends did just that, and felt cheated. He still has the bill though.


I have a few of them somewhere.

On a serious note, if you care about animals, you should care about helping Zimbabwe. When you see those pictures on FB of some rich asshole killing rare animals, it's usually in Zimbabwe. They are so poor and so desperate for our dollars that they will allow that sort of hunting. The only way to stop it is to help them make money another way.
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