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Author: Subject: these people are fucked... Zimbabwe introduces 100-billion-dollar note
BDx13
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[*] posted on 7-22-2008 at 04:27 PM
these people are fucked... Zimbabwe introduces 100-billion-dollar note


http://news.yahoo.com/s/afp/20080719/wl_africa_afp/zimbabwee...


HARARE (AFP) - Zimbabwe, grappling with a record 2.2 million percent inflation, has introduced a new 100-billion-dollar bank note in a bid to tackle rampant cash shortages, the central bank said Saturday.

The new note will go into circulation on Monday, the bank said in a statement cited by state media, joining about half a dozen new high denomination notes already issued this year.

In January, a 10-million-dollar note was issued, then a 50-million-dollar note in April. In May, notes for 100 million and 250 million dollars were issued, swiftly followed by those for five billion, 25 billion and 50 billion.

The southern African nation, currently gripped by a post-election crisis, has been ravaged by hyperinflation which shot up from 165,000 percent in February to 2.2 million in June.

Independent economists however believe the official inflation figure is grossly understated, estimating it could be running between 10 million and 15 million percent.

Zimbabwe's chronic economic crisis has left at least 80 percent of the population living below the poverty threshold and mass shortages of basic goods in shops.





If I fail math, there goes my chance at a good job and a happy life full of hard work.
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bombidol
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[*] posted on 7-22-2008 at 05:09 PM


wot



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[*] posted on 7-22-2008 at 05:13 PM


Fuck.:shocked2:



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[*] posted on 7-22-2008 at 05:42 PM


Quote:
Originally posted by BD
Zimbabwe's chronic economic crisis has left at least 80 percent of the population living below the poverty threshold and mass shortages of basic goods in shops.

but they're all millionaires
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[*] posted on 7-22-2008 at 06:08 PM


HTe Prsident will own it and they will continue the tyranny



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[*] posted on 7-24-2008 at 12:43 PM


Quote:
Originally posted by SHAKO KEN
Quote:
Originally posted by BD
Zimbabwe's chronic economic crisis has left at least 80 percent of the population living below the poverty threshold and mass shortages of basic goods in shops.

but they're all millionaires



Though it's a terrible situation those people are in, this post made me laugh.
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XHonusWagnerX
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[*] posted on 7-24-2008 at 01:12 PM


whats the conversion rate?

Like how many US dollars/cents is a Zimbabwe dollar worth?




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BDx13
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[*] posted on 7-24-2008 at 01:26 PM


as of today, $1 USD=$18,681,527,512.36 ZWD

the government is literally printing money nonstop to keep itself running.





If I fail math, there goes my chance at a good job and a happy life full of hard work.
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XHonusWagnerX
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[*] posted on 7-24-2008 at 01:34 PM


Quote:
Originally posted by BD
as of today, $1 USD=$18,681,527,512.36 ZWD

the government is literally printing money nonstop to keep itself running.


Thats insane! There seems like there should be an easier way to deal with that by changing the scale its based on or something. I dont know really... but it seems kind of silly.

On the other hand, I would totally buy a Zimbabwe 100 Billion Dollar Bill.




Quote:
Originally posted by REV.PAULIE
HONUS-as much as i can't stand a great deal of what you really like (for my own reasons that i would never hold,nor impose,against you),YOU FUCKING RULE!

YOU,HONUS,IS WHAT MAKES THE "EDGE" COOL.

YOUR FRIEND,
PAULIE


check out my post contributions at www.VinylNoize.com

20 1-color T-shirts for $100 at NewRepublic
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[*] posted on 7-24-2008 at 01:37 PM


sure... at $5 a piece, i'd buy a dozen!




If I fail math, there goes my chance at a good job and a happy life full of hard work.
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