SCAM WARNING Beware of ZimbabweDollars.Net & TheCurrencyStore.Net

[numimaticmat]

Just wanted to give everyone a heads up to this situation. A currency seller with the store names ZimbabweDollars.Net and TheCurrencyStore is outright scamming people. 

 

I realize many people aren't fans of the Zimbawbwe Dollar to begin with but that aside should someone decide to buy it they should receive something and not be scammed and they should also get legitimate notes. 

I personally was scammed by them about a year back. I made a purchase, they sent me 100 Trillion notes which were clearly printed on a home computer. The site says refunds no questions asked. They refused to refund me and told me to file a chargeback with my credit card company. After calling the police in his city and pestering him endlessly he finally refunded me. I've heard numerous stories on forums and from colleagues who made the same mistake. There's also a Youtube video from someone else who had the same experience. 

 

I just talked to another online friend today who paid last week and received nothing and has no communication from the seller. It seems this has been going on for a while and neither Shopify or Stripe seem to care this guy is selling fake notes and/or outright scamming people so looks like he'll be able to continue. Just wanted to give you guys a heads up. 

[NextYear]

With the ousting of Mugabe who turned Zimbabwe into an economic disaster, it's going to be interesting to see how this plays out with their currency as the new leaders allow the white farmers to come back in and get their farms back which were not being developed properly if at all.

 

Quote

Zimbabwe abandoned its money in 2009 after hyperinflation destroyed its value. Most transactions since have been conducted in U.S. dollars or South African rand. But a small number of Zimbabwe dollar notes with virtually no value remain in circulation and the central bank is now trying to take them out of the system.

 

I would assume, as they get their economic act together and slowly go back to their own currency, they'll burn the old bills and design new legal tender leaving the old currency that's still floating around for collectors to buy and sell amongst themselves.

[King Bean]

There are also sites out there advertising you can 'swap your IQD for ZIM'.  DON'T DO IT !!!

[ChuckFinley]

Thanks, King Bean old timers, and newbies need to take note.