Z Note Devalued To $35 QUADRILLION Per $1 USD.

[Luigi1]

 

 

 

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.

[umbertino]

 

https://www.newsnow.co.uk/h/World+News/Africa/Zimbabwe/Economy

 

 

https://www.iol.co.za/news/africa/zimbabweans-wary-of-latest-currency-re-launch-27579586

 

 

[screwball]

Suckers that bought this will learn the hard way 

[umbertino]

10 hours ago, screwball said:

Suckers that bought this will learn the hard way 

 

Probably so, screwball......

 

Maybe they say same about us Dinar holders........

 

 

Only TIME will tell.....SOON........

[screwball]

2 hours ago, umbertino said:

 

Probably so, screwball......

 

Maybe they say same about us Dinar holders........

 

 

Only TIME will tell.....SOON........

True...and the same abiut us that bought rials and rupiahs 

[umbertino]

14 hours ago, screwball said:

True...and the same abiut us that bought rials and rupiahs 

 

Absolutely

[Freedomwish]

14 hours ago, screwball said:

True...and the same about us that bought rials and rupiahs 

 

Damn.....🍺

[King Bean]

On 6/29/2019 at 11:30 AM, Luigi1 said:

Zimbabwe devalued the Zim dollar to $35 QUADRILLION per $1 USD.

 

Weegie, there goes your dream vacation to North Dakota.