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Cash: 40 U.S. cents will be paid for 100 trillion Zimbabwe dollars DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Cash: 40 U.S. cents will be paid for 100 trillion Zimbabwe dollars

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Cash: 40 U.S. cents will be paid for 100 trillion Zimbabwe dollars Empty Cash: 40 U.S. cents will be paid for 100 trillion Zimbabwe dollars

Post by Ponee Mon Jun 08, 2015 10:17 am


THANK YOU WYNTERMIDNIGHT for sharing this with Dinar Daily !
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Cash: 40 U.S. cents will be paid for 100 trillion Zimbabwe dollars
Cash: 40 U.S. cents will be paid for 100 trillion Zimbabwe dollars 00_twenty

HARARE Zimbabwe (Xinhua) -- The Reserve Bank of Zimbabwe (RBZ) has commenced the process of demonetizing the Zimbabwe dollar using the United Nations rate as the exchange rate.


Zimbabwe abandoned its hyperinflation ravaged currency in 2009 when it adopted multiple currencies that include the United States dollar, South African Rand, British Pound, Australian dollar, Chinese Yuan and Japanese Yen.

The RBZ has set aside 20 million U.S. dollars for the demonetization exercise, which is expected to be completed by end of this month.

The exercise will ensure that the Zimbabwe dollar is decommissioned and will allay fears of its return.

The move is also expected to boost confidence in the banking sector.



In a notice Wednesday, the RBZ said on the notes issued in 2009, walk-in customers will be paid 2 U.S. dollars for 500 Zimbabwe dollars, 40 U.S. cents for 100 Zimbabwe dollars, 20 U.S. cents for 50 Zimbabwe dollars, 8 U.S. cents for 20 Zimbabwe dollars, 4 U.S. cents for 10 Zimbabwe dollars and 2 U.S. cents for 5 Zimbabwe dollars.
On the notes issued in 2008, 40 U.S. cents will be paid for 100 trillion Zimbabwe dollars, 20 U.S. cents for 50 trillion Zimbabwe dollars, 8 U.S. cents for 20 trillion Zimbabwe dollars and 4 U.S. cents for 10 trillion Zimbabwe dollars.



The move is meant to cater for those who were not banked during the hyperinflation era but are stillstuck with Zimbabwe dollars.




\A minimum of 5 Zimbabwe dollars will be paid for those who had Zimbabwe dollar bank accounts as of December 2008 regardless of whether or not there was any credit in their bank balances.
The UN rate of one U.S. dollar to 35,000 Zimbabwe dollars will apply on remaining balances.



Despite attempts to control inflation by legislation and three re-denominations in 2006, 2008 and 2009, use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009 due to skyrocketing inflation.

http://www.coastweek.com/3822-currency-40-US-cents-will-be-paid-for-100-trillion-Zimbabwe-dollars.htm


Last edited by Ponee on Mon Jun 08, 2015 11:02 am; edited 1 time in total

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Cash: 40 U.S. cents will be paid for 100 trillion Zimbabwe dollars Empty Re: Cash: 40 U.S. cents will be paid for 100 trillion Zimbabwe dollars

Post by Winnie the Pooh Mon Jun 08, 2015 10:44 am

O


Last edited by winalot on Thu Jul 23, 2015 7:46 pm; edited 1 time in total

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Cash: 40 U.S. cents will be paid for 100 trillion Zimbabwe dollars Empty Re: Cash: 40 U.S. cents will be paid for 100 trillion Zimbabwe dollars

Post by FS4Enthusiast Mon Jun 08, 2015 10:58 am

But Tony told me they were going to pay me 13 million USD for each of them! How could he have gotten it so wrong?

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Cash: 40 U.S. cents will be paid for 100 trillion Zimbabwe dollars Empty Re: Cash: 40 U.S. cents will be paid for 100 trillion Zimbabwe dollars

Post by chilimama Mon Jun 08, 2015 11:05 am

LOL I REMEMBER WHEN TONY SAID IT WAS GOING TO BE 6 ZEROS REMOVED AND YOU WILL GET .22 ON THE $. FOR MY 1 NOTE THAT WOULD BE 22,000,000.00. NOW WHO THE F DOES THAT MAKES SENSE 2? HAHAHAHHA AND THE SHEEPLE ON HIS SITE ARE COUNTING ON THAT STILL.

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Post by Guest Mon Jun 08, 2015 12:43 pm

There goes Zimbabwe dream.. I always thought Zimbabwe was far fetched.  I feel bad for people who bought a stash of Zimbabwe and now it's only worth cents or dollars and not millions.  

The question is even where to cash Zimbabwe.. this is going to be wallpaper.

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Post by BritishBulldog Mon Jun 08, 2015 12:52 pm

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA 

Let's see Tony and the rest of the gooroo's wiggle their way out of this one!!
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Post by chilimama Mon Jun 08, 2015 12:53 pm

Nadita wrote:There goes Zimbabwe dream.. I always thought Zimbabwe was far fetched.  I feel bad for people who bought a stash of Zimbabwe and now it's only worth cents or dollars and not millions.  

The question is even where to cash Zimbabwe.. this is going to be wallpaper.


PEOPLE ARE STILL BUYING IT IN DROVES JUST B/C A CERTAIN POOROO IS STILL SPOUTING THAT NONSENSE.
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Post by Guest Mon Jun 08, 2015 1:11 pm

Chilimama,

That is really sad.. a lot of people are followers.  We can lead the horse to the water but it's up to the horse to drink it.... as sorry as we feel for them, they don't see it.. the problem is not a problem until you recognize it's a problem.  I hope they wake up soon. 

There is news out there and they should read and educate themselves.. if all people are smart in the world, then there won't be any dumb or stupid mistakes made but most of all is lacking of common sense.. you can be smart but without common sense, you still can't figure out Smile

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Post by Kevind53 Mon Jun 08, 2015 6:50 pm

BritishBulldog wrote:HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA 

Let's see Tony and the rest of the gooroo's wiggle their way out of this one!!

They'll ignore this just like they have been for the past two or so months since this was announced.

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