Luigi1 Posted February 24, 2015 Report Share Posted February 24, 2015 from many sources... Sterling: Reserve Bank of Zimbabwe said they revalued the ZIM!Here is the article, posted on February 23, 2015:http://www.shanghaidaily.com/article/article_xinhua.aspx?id=269580"The five U.S. dollars is the minimum but we're going to be using the United Nations rate of one U.S. dollar to 35,000 Zimbabwe dollars. We have revalued it from one U.S. dollar to 35 quadrillion dollars," Mangudya said. "<< Reserve Bank Zimbabwe Governor John Mangudya.Read the article. It brings up some interesting questions.**********R601: Interesting ...Great find - thank you!.XE CURRENCY - 24 Feb - 4.00pm EST Australiahttp://www.xe.com/currencyconverter/convert/?Amount=100000000.&From=ZWR&To=USD1 ZWR = 0.131926 USD 1 USD = 7.58000 ZWR - Zimbabwean Dollar - As seen from the USA.1 ZWR =0.167215 AUDhttp://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=ZWD1 ZWD = 0.00276319 USD 1 USD = 361.900 ZWD - Zimbabwean Dollar - As seen from Australia1 ZWD =0.0036 AUDThat, folks, is one heck of a difference in value!This is the page source code for the XE currency conversion page section handling the currency drop-down selection options ..No ZWR option is coded into the page able to be seen from Australia ???Zimbabwean currency RevaluationZimbabweans to be compensated fully as local currency is demonetizedFeb 23,2015HARARE, Feb. 23 (Xinhua) -- The Reserve Bank of Zimbabwe (RBZ) will use the rate of one U.S. dollar to 35,000 Zimbabwe dollars as it moves to demonetize the local currency and compensate account holders who lost their savings when the government introduced multi-currencies in 2009. See provided links. 2 7 Link to comment Share on other sites More sharing options...
Zebra0101 Posted February 24, 2015 Report Share Posted February 24, 2015 Que? What is second.... 1 1 Link to comment Share on other sites More sharing options...
Luigi1 Posted February 24, 2015 Author Report Share Posted February 24, 2015 "The five U.S. dollars is the minimum but we're going to be using the United Nations rate of one U.S. dollar to 35,000 Zimbabwe dollars. We have revalued it from one U.S. dollar to 35 quadrillion dollars," Mangudya said."This explains why the figure (to demonetize) has risen from the initial six million U.S. dollars to 20 million dollars," he added. It looks like 1 Z = .16 cents minus 6 zero lop from 100 Trillion Z. Still a very good return. Que? What is second.... Many believe Vietnam is next. Iraq still has to implement the Tariff Law & HCL. Iraq may be 3rd in line to RV. 2 3 Link to comment Share on other sites More sharing options...
Zebra0101 Posted February 24, 2015 Report Share Posted February 24, 2015 I hope the ball keeps rolling across the time zones... 2 1 Link to comment Share on other sites More sharing options...
Luigi1 Posted February 24, 2015 Author Report Share Posted February 24, 2015 IMO. YUP. The demonetization of the local currency will be completed by June 30, 2015, allowing many people who had stashed the Zimbabwe dollar in its various denominations to finally discard it.Ie - The old currency will have no value past June 30 2015.http://www.shanghaidaily.com/article/article_xinhua.aspx?id=269580 2 4 Link to comment Share on other sites More sharing options...
coorslite21 Posted February 24, 2015 Report Share Posted February 24, 2015 WOW.......you mean that one 100 Trillion Dollar Zim note........2008 AA series....... that Congressman Paul Ryan of Wisconsin carries around in his wallet to show people when he is discussing what happens when hyper-inflation occurs....... is now......... worth $16 million.......USD wonder if he knows?????????? Link to comment Share on other sites More sharing options...
umbertino Posted February 24, 2015 Report Share Posted February 24, 2015 (edited) Back in the 80's it used to be ( if I recall correctly) 10 ZIM for 1 USD...Visited there a few times ( in the second half of the 80's).....Good restaurants were super-affordable ( and most everything really) Edited February 24, 2015 by umbertino Link to comment Share on other sites More sharing options...
bsims25 Posted February 24, 2015 Report Share Posted February 24, 2015 (edited) Yay! lol Edited February 24, 2015 by bsims25 Link to comment Share on other sites More sharing options...
DWitte Posted February 24, 2015 Report Share Posted February 24, 2015 35 quadrillion dollars?? There's just nothing to say here. Head spinning out of control............to the left. And there's even a name on this post besides Luigi. John Mangudya. Head spinning faster, very fast. Going to Cern to spin in the LHC. I would like my brain to be the atom that splits with another that causes the eventual destruction of the universe according to Stephen Hawking and Neil Degrasse Tyson. Last guy is no relation to Mike. Yes, this post is every bit as stupid as is $35 quadrillion. 5 Link to comment Share on other sites More sharing options...
The Machine Posted February 24, 2015 Report Share Posted February 24, 2015 :cisole: :cisole: 4 Link to comment Share on other sites More sharing options...
Luigi1 Posted February 24, 2015 Author Report Share Posted February 24, 2015 1.00 ZWD = 0.00276319 USD Zimbabwean Dollar ↔ US Dollar 1 ZWD = 0.00276319 USD 1 USD = 361.900 ZWD Convert again View Chart Mid-market rates: 2015-02-24 20:58 UTC 1 2 Link to comment Share on other sites More sharing options...
coorslite21 Posted February 24, 2015 Report Share Posted February 24, 2015 http://www.oanda.com/currency/converter/ Warning: ZWD Zimbabwe Dollar is obsolete and no longer legal tender. http://www.cnbcafrica.com/news/special-report/2014/04/25/return-of-the-zimbabwean-dollar/ Link to comment Share on other sites More sharing options...
The Machine Posted February 24, 2015 Report Share Posted February 24, 2015 (edited) Look another flock of pigs ....... :cisole: :cisole: :cisole: :cisole: Edited February 24, 2015 by The Machine 2 Link to comment Share on other sites More sharing options...
gymrat76541 Posted February 24, 2015 Report Share Posted February 24, 2015 GCR - A currency reset for the entire world? LOL And you think it starts with Zimbabwe? LOL Every nation doing this one-at-a-time? LOL Ha ha ha ha ha ha ha ha ha ha ha ha ha ha 2 Link to comment Share on other sites More sharing options...
bsims25 Posted February 24, 2015 Report Share Posted February 24, 2015 GCR - A currency reset for the entire world? LOL And you think it starts with Zimbabwe? LOL Every nation doing this one-at-a-time? LOL Ha ha ha ha ha ha ha ha ha ha ha ha ha ha Yeah, what a joke that it. Lol 1 Link to comment Share on other sites More sharing options...
tankdude Posted February 24, 2015 Report Share Posted February 24, 2015 GCR - A currency reset for the entire world? LOL And you think it starts with Zimbabwe? LOL Every nation doing this one-at-a-time? LOL Ha ha ha ha ha ha ha ha ha ha ha ha ha ha And apparently it's going in reverse alphabetical order.... 3 Link to comment Share on other sites More sharing options...
The Machine Posted February 24, 2015 Report Share Posted February 24, 2015 (edited) Luigi I know where the guru dirtbags are getting their bad info, well it's actually from a badly written article in the Zimbabwe media put out today ........ the rate is to do with paying back savings to people who lost everything back in 2008 when the government stole all the money and inflation whent into the billions of percent .... people's life savings were wiped out overnight, they are proposing to give back everyone $5 ...... wow $5 payback for their life savings. this is the badly written article http://www.newzimbabwe.com/news-20765-US$1+for+Z$35,000+rate+for+your+trillions/news.aspx And yes there is no point in pointing out the piece in this article where they say they revalued it, they didnt it's just referring to the rate for paying back accounts that their using this explains it a little better http://www.telegraph.co.uk/news/worldnews/africaandindianocean/zimbabwe/11415440/Zimbabweans-given-just-3.25-for-life-savings-by-bankrupt-government.html they didnt revalue the currency as the currency no longer exists as legal tender ...... it's been trash since 2009. Edited February 24, 2015 by The Machine 3 Link to comment Share on other sites More sharing options...
gymrat76541 Posted February 25, 2015 Report Share Posted February 25, 2015 Two points here: One - There is & never will be a plan to revalue all the currencies in use in the world today! Two - Zimbabwe does not not matter in terms of world events! Never has & never will! WOW I have some freshly printed US 3 dollar bills for sale! Any takers? LOL 3 1 Link to comment Share on other sites More sharing options...
Texas1 Posted February 25, 2015 Report Share Posted February 25, 2015 Two points here: One - There is & never will be a plan to revalue all the currencies in use in the world today! Two - Zimbabwe does not not matter in terms of world events! Never has & never will! WOW I have some freshly printed US 3 dollar bills for sale! Any takers? LOL Ill trade you for some Iraqi dinar(its revalued hundreds of times in the last few years) just ask Luigi 2 1 Link to comment Share on other sites More sharing options...
bsims25 Posted February 25, 2015 Report Share Posted February 25, 2015 Ill trade you for some Iraqi dinar(its revalued hundreds of times in the last few years) just ask Luigi Lol 1 Link to comment Share on other sites More sharing options...
gymrat76541 Posted February 25, 2015 Report Share Posted February 25, 2015 Ill trade you for some Iraqi dinar(its revalued hundreds of times in the last few years) just ask Luigi Actually my dinar which I purchased in 2004 at $640.00 per million has revalued many times and now is worth much more! 2 Link to comment Share on other sites More sharing options...
coorslite21 Posted February 25, 2015 Report Share Posted February 25, 2015 Two points here: One - There is & never will be a plan to revalue all the currencies in use in the world today! Two - Zimbabwe does not not matter in terms of world events! Never has & never will! WOW I have some freshly printed US 3 dollar bills for sale! Any takers? LOL Perhaps a better way to express what might happen in the future with the world economies/currencies is that they will be evened out. The UN has created a comprehensive plan which is known as Agenda 21. You can google it and see what they are proposing. It is much like what the US is in the process of, or at least some factions are pushing for..... The rich and the poor meeting somewhere in the middle.......an evening out of wealth. By definition it is what we known as socialism.....and if the PTB have their way, this is what will happen. Link to comment Share on other sites More sharing options...
DinarThug Posted February 25, 2015 Report Share Posted February 25, 2015 Stay Tuned For Tomorrow's Post From Luigi ! 1 Link to comment Share on other sites More sharing options...
Texas1 Posted February 25, 2015 Report Share Posted February 25, 2015 Actually my dinar which I purchased in 2004 at $640.00 per million has revalued many times and now is worth much more! Wow, so much in just 11 years Stay Tuned For Tomorrow's Post From Luigi ! Just send the Prince $5000 US dollars and you will receive the 11 billion he cannot get to without your help 1 Link to comment Share on other sites More sharing options...
DinarThug Posted February 25, 2015 Report Share Posted February 25, 2015 Wow, so much in just 11 years With All Of His Profits - Umbertino Could Afford To Download 3 Songs From iTunes ... 1 Link to comment Share on other sites More sharing options...
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