Bond Notes Still Under Design, Zimbabwe

[blueskyline]

https://www.zimeye.net/bond-note-still-under-design/ ...I find this of interest not because of the old Zimbabwe Zim notes. But because they are launching  new notes with new amounts that have  USD values towards the end of this month . 

[blueskyline]

Zimbabwe will print its own version of the U.S. Dollar ....http://money.cnn.com/2016/09/15/news/zimbabwe-own-us-dollar/

[blueskyline]

Latest: BOND NOTES to be released on Oct. 3rd......http://www.myzimbabwe.co.zw/news/8569-latest-bond-notes-to-be-released-on-3-october.html....Something appears to be happening in Zimbabwe ... ?

[dinarbro]

Why are we even discussing this on Dinar Vets?

[Kraidle]

I thought the Zimbabwe thing was dead...

[JoeB]

6 minutes ago, Kraidle said:

I thought the Zimbabwe thing was dead...

It never was very much alive..

[new york kevin]

Sounds like you can trade these whatever they are for any of the 5 or 6 global currencies when you cash them in. As a complete guess mind you. Cuz if they revalued the Zim currency at an 1-1 on par with the US DOLLAR that would mean that Zimbabwe as a sovereign country would have had to be doing more than Iraq has been doing import/export wise, banking and electronic banking regulations wise, international commerce wise, domestic industrial, precious metals and oilwise, to make the value of their currency on par with the USD. 

[Rockymtnhi]

I bought a 100 Trillion Zim note 4 yrs ago for $4 and now they are going for $79.  I'm doing a whole lot better with my Zim than my Dinar. 

[dinarbro]

Explain when in history has a currency that has been demonetized ever been re-monetized?  Exactly, it's never happened.  Zimbabwe is not a currency, nor is it a bond, it is a collectible, so sell them now while you still can.

On 10/4/2016 at 2:03 PM, new york kevin said:

Sounds like you can trade these whatever they are for any of the 5 or 6 global currencies when you cash them in. As a complete guess mind you. Cuz if they revalued the Zim currency at an 1-1 on par with the US DOLLAR that would mean that Zimbabwe as a sovereign country would have had to be doing more than Iraq has been doing import/export wise, banking and electronic banking regulations wise, international commerce wise, domestic industrial, precious metals and oilwise, to make the value of their currency on par with the USD. 

 

[DoD]

On October 11, 2016 at 10:51 PM, Rockymtnhi said:

I bought a 100 Trillion Zim note 4 yrs ago for $4 and now they are going for $79.  I'm doing a whole lot better with my Zim than my Dinar. 

Rocky, I bought some of my Dinar in 2004 at 650.00 a million when I was in Baghdad, today it's worth about 820.00. I'm doing alright with my Dinar investment....

[blueskyline]

I find this of interest not because of the old Zimbabwe Zim notes. But because they are launching  new notes with new amounts that have  USD values towards the end of this month . https://www.newsday.co.zw/2016/10/26/bond-notes-delay-creates-uncertainty/ ....https://www.google.com/amp/s/zimnews.net/zim-bond-note-latest-24-10-2016/amp/.....

[Rockymtnhi]

9 hours ago, DoD said:

Rocky, I bought some of my Dinar in 2004 at 650.00 a million when I was in Baghdad, today it's worth about 820.00. I'm doing alright with my Dinar investment....

Percentage wise the Zim is crushing the dinar.  Even if it only a collectible.

[pokerplayer]

On 2016-10-03 at 1:15 AM, dinarbro said:

Why are we even discussing this on Dinar Vets?

 

Same reason we allow Music, Politics and Jokes dinarbro. It helps pass the time, for the most part is clean and gives the brain a dinar frustration rest.

pp

[JoeB]

On ‎05‎/‎10‎/‎2016 at 0:03 AM, new york kevin said:

Sounds like you can trade these whatever they are for any of the 5 or 6 global currencies when you cash them in. As a complete guess mind you. Cuz if they revalued the Zim currency at an 1-1 on par with the US DOLLAR that would mean that Zimbabwe as a sovereign country would have had to be doing more than Iraq has been doing import/export wise, banking and electronic banking regulations wise, international commerce wise, domestic industrial, precious metals and oilwise, to make the value of their currency on par with the USD. 

If they revalued the Zim currency at an 1-1 on par with the US DOLLAR that would mean that one 100 trillion ZIM note would be worth more than all the money in the world.

Quote

For purists, who believe money refers only to currencies such as bank notes, coins, and money deposited in savings or checking accounts, the total is somewhere around $80.9 trillion.

http://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18

Not likely to happen IMHO...

 

[Freedomwish]

10 hours ago, pokerplayer said:

 

Same reason we allow Music, Politics and Jokes dinarbro. It helps pass the time, for the most part is clean and gives the brain a dinar frustration rest.

pp

That's why I've gone into whiskey my friend...SALUUUUUUUUD!!