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Showing results for tags 'Z Note.'.
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Luigi says...even if we redeem our RVed Z Notes, at this kind of inflation, what we paid for our Z Notes are worthless, again. Notes From The Field By Simon Black Zimbabwe Hyper-Inflation, Round Two. Zimbabwe is back to its old tricks. In 2009 Zimbabwe abandoned its currency altogether after its legendary episode with hyperinflation devalued the Zimbabwe dollar to Z$35 QUADRILLION per $1 USD. And for years, the US dollar has been widely used in Zimbabwe as a sort of unofficial currency; everything I’ve ever purchased on my multiple trips to the country has been in US dollars. Then a couple of years ago, Zimbabwe introduced a type of bond that was officially pegged to the US dollar, but in reality worth much less.
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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 Australia http://www.xe.com/currencyconverter/convert/?Amount=100000000.&From=ZWR&To=USD 1 ZWR = 0.131926 USD 1 USD = 7.58000 ZWR - Zimbabwean Dollar - As seen from the USA. 1 ZWR =0.167215 AUD http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=ZWD 1 ZWD = 0.00276319 USD 1 USD = 361.900 ZWD - Zimbabwean Dollar - As seen from Australia 1 ZWD =0.0036 AUD That, 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 Revaluation Zimbabweans to be compensated fully as local currency is demonetized Feb 23,2015 HARARE, 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.
