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Who wants $100 Billion?

Zimbabwe is issuing a $100 Billion note to tackle inflation
12 years ago, July 20th 2008 No: 1 Msg: #42448  
B Posts: 71
With the country going through a rediculous amount of inflation, the central bank will be putting a $100 Billion note in circulation on Monday. Is anyone in the country or has been to the country? Any one planning on going and planning on picking up $ 100 Billion??

Read the story here Reply to this

12 years ago, July 20th 2008 No: 2 Msg: #42453  
Oh yeah! I read about that. Apparently there are abandoned bank notes that are almost worthless being trod over on the streets there. I heard that between the world wars it was a bit like that here in Germany too. It cost a wheelbarrowful of money to buy a loaf of bread in those days.

Is it actually safe to go to Zimhabwe right now?

Here is a related thread.
Visa for Zimbabwe Reply to this

12 years ago, July 21st 2008 No: 3 Msg: #42501  
B Posts: 5,195
I personally would avoid Zimbabwe until the current crisis(es!) is resolved.

I'd like to get a $100,000,000,000 note though 😊 even if it isn't even worth a Euro! Reply to this

12 years ago, July 21st 2008 No: 4 Msg: #42528  
My guess is that it would be just too tempting for people who cant feed their families to ambush a tourist who will surely have a moneybelt full of foreign currency. I might even do that myself if I was forced to live in such circumstances.

This reminds me of changing money when I traveled in the former Yugoslavia. There was no consistency about the amount I would get when I changed 10 US dollars. On day I would get a 3 inch wad of notes adding up to a certain amount. 3 days later changing another 10 US dollars I would get another thick wad which added up to 1.5 times the amount I got for the previous 10 US dollars. A cup of coffee cost around 5 cents and staying in somebodies house cost less than a dollar per night. We spent thousands of the local currency units per day.

It was after a couple of countries like the former Yugoslavia that I stopped buying those flat thin money belts. Those wads of cash are so bulky and unmanagable. One time I was buying things at an outdoor market. The total to be payed was thousands as usual and I had no idea how to discretely take almost the amount out of my money belt. I had to just stand there in the market peeling notes off an untidy fistful of money. All I was buying was a watermelon, some cheese and some olives. :D Reply to this

12 years ago, July 21st 2008 No: 5 Msg: #42550  

12 years ago, July 21st 2008 No: 6 Msg: #42565  
B Posts: 71
Ahh yes the 500 Billion Dinar note... When I was in Belgrade I managed to pick up one of those plus a whole heap of other old Yugoslav dinar ranging right down to 500 Dinara. It only cost me a few pounds. Apparently around that time, Yugoslavia was going through the biggest rise of inflation in world history and 500 Billion was enough to get yourself into town, buy a few supplys and get a ride home again. I had my note checked by some locals who had lived there all their lives and confirmed its authenticity.. As far as I´m aware, its the largest note ever produced... Will Zimbabwe beat it and go to the $1 Trillion note???? Reply to this

12 years ago, July 21st 2008 No: 7 Msg: #42578  
Does your Dinar note look like the one in the above link Camo? I am becomming zero blind with looking at numbers that big. I cant remember how many zeros a billion has. :D Reply to this

12 years ago, July 21st 2008 No: 8 Msg: #42596  
B Posts: 71
Yes thats the note.. A billion has 9 zeros and 500 billion has 11 zeros!!! I couldn´t imagine dealing with that many zeros, I was struggling enough in places like Vietnam and Laos where you the difference between 10000 and 100000 was the difference between a cheap meal and an expensive meal... Crazy stuff! Reply to this

12 years ago, July 26th 2008 No: 9 Msg: #43177  

The government is reported to have run out of paper to print money .....

From Zimbabwe: Government Panics Over Failure to Pay Military And Police

Reply to this

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