The Central Bank of Zimbabwe has announced a plan to completely phase out the Zimbabwean currency. Beginning on Monday, Zimbabwean bills can be exchanged for U.S. dollars at the rate of 175 quadrillion Zimbabwean dollars for every $1 US Dollar.

That means a holder of a 100 trillion bank note will only get 40 cents in US Currency.

Zimbabwe abandoned its currency in 2009 for a system based on the U.S. dollar and the South African Rand.

At the time even street hawkers refused to accept the country’s highest note of $100 trillion. At the peak of the nation's inflation, Zimbabweans had to carry plastic bags full of money to buy basic goods like bread and milk. Prices of goods were rising at least twice a day.

Some members of President Robert Mugabe’s party, the ZANU-PF, have called for the return of the Zimbabwean dollar.

However, even the country’s Finance Minister, Patrick Chinamasa, has repeatedly said that the U.S. dollar “is here to stay.”

The money useless gaaaaan ni

Not enough space on the currency to write all the zeros ......

My country is still better than zimba...oooo

Mugabe, do something about this your money abeg, I hear say na you be the most educated president for Africa. use part of that education help your currency abeg.

In Nigeria, we are still talking trillions or billions as dressing allowance for senators.
In Zimbabwe they are counting quadrillions (never heard of that one before) .

These Zim people are so rich .....

cuteboy2:


In Nigeria, we are still talking trillions or billions as dressing allowance for senators.
In Zimbabwe they are counting quadrillions (never heard of that one before) .

These Zim people are so rich .....

Their Quadrillion can't buy a single bread...

You earned 20million Zim Dollars as a worker and buy a loaf of bread for 1million.

Zimbabwe is the only country in the world where everybody is a millionaire.

That's Tissue paper not money

psucc:
You earned 20million Zim Dollars as a worker and buy a loaf of bread for 1million.

Zimbabwe is the only country in the world where everybody is a millionaire.

trillionaire

If each state in Nigeria was an independent nation we know the states that will be issuing worthless currencies.


Parasites dey here dey yarn nonsense

barcanista:
trillionaire

Very correct.

They are all trillionaires or perhaps quadrillioniares. That is why I said Zim people are the richest people on planet earth.

psucc:
You earned 20million Zim Dollars as a worker and buy a loaf of bread for 1million.

Zimbabwe is the only country in the world where everybody is a millionaire.

lmao, so true

cuteboy2:


Very correct.

They are all trillionaires or perhaps quadrillioniares. That is why I said Zim people are the richest people on planet earth.

May God not relegate us to Zim kind of Trillionaires

barcanista:
May God not relegate us to Zim kind of Trillionaires

Ameeen oooooo

cuteboy2:


In Nigeria, we are still talking trillions or billions as dressing allowance for senators.
In Zimbabwe they are counting quadrillions (never heard of that one before) .

These Zim people are so rich .....

Bros no panic you hear Just save up to 20k, carry am go ZIMBABWE, you go buy their Federal Government ....... Plus change you go use marry mugabe Daughter

Just to prove that these people are all trillionaires. Let us do some Zim mathematics:

Let us assume every Zim should be worth at least 1US $

If 40 cents (0.4 US$) = 100 trillion Zim $
Therefore, 1US$ = 100 trillion Zim $ /0.4 = 250 trillion Zim $.

See what I mean??
They are all rich folks

benedictnsi:









Bros no panic you hear Just save up to 20k, carry am go ZIMBABWE, you go buy their Federal Government ....... Plus change you go use marry mugabe Daughter

Bros, if I wan carry 1 naira reach dia, I need to hire Boeing 747 pack the Zim $ wey I go change.
I wonder how Bureau de Change mallam dey manage for dat side

cuteboy2:


Bros, if I wan carry 1 naira reach dia, I need to hire Boeing 747 pack the Zim $ wey I go change.
I wonder how Bureau de Change mallam dey manage for dat side

Hohohobohoh Hohohobohoh Hohohobohoh Hohohobohoh




I laugh in ogun workers language

Trying to imagine how many zeros their ATM machines will be displaying... And how long it would be.

Na wa.. .

en-route Zim....#business

Lmao!!!! All the Nigerians up here are the most craziest humans on earth.

I am laughing my head off.....

Jeez!!!! You guys are freaking funny

Na that rock dey suppress their money value spiritually

Here is where the problem is

Mugabe in the year 2000 began taking over white owned farms...anmd redistributing it to black farmers.

While it was a good idea....it also wrecked the basis of Zimbabwe's economy.

Zimbabwe prior to the takeovers was heavily reliant on agric exports for forex. With the takeover....that source of forex...ie dollars....to back up the local currency vanished.

As a result....inflation started....which was made worse by continued overprinting to make up for cash losses....because there is no forex to back up the currency.


A big lesson for Nigeria (yes...Nigeria should be learning here!)......over-reliance on selling raw materials is not good for your economy.

bushdoc9919:
Here is where the problem is

Mugabe in the year 2000 began taking over white owned farms...anmd redistributing it to black farmers.

While it was a good idea....it also wrecked the basis of Zimbabwe's economy.

Zimbabwe prior to the takeovers was heavily reliant on agric exports for forex. With the takeover....that source of forex...ie dollars....to back up the local currency vanished.

As a result....inflation started....which was made worse by continued overprinting to make up for cash losses....because there is no forex to back up the currency.


A big lesson for Nigeria (yes...Nigeria should be learning here!)......over-reliance on selling raw materials is not good for your economy.

That's why I prefer oyibo man rulership, your country will grow. See how south Africa is like Europe and Nigeria is like ghetto. Thanx to longer oyibo rulership.

so if I change my 3.5milla carry enter zim na final big boy I be nah!!! zim chicks here I come

the poorest person in their country is a millionaire.so if i change our 100k naira in their country i might even challenge mugabe for president even as a foreigner or make a very huge investment.wow business formular

bushdoc9919:

Mugabe in the year 2000 began taking over white owned farms...anmd redistributing it to black farmers.

While it was a good idea....it also wrecked the basis of Zimbabwe's economy.

How was the seizure & redistribution a good idea

Perhaps the Hausas need to also seize & redistribute the land owned now by Fulanis following their CONQUEST over them less than 300 years ago, abi

100 trillion Zimbabwean dollars = 40 cents
Since 1 cent = 2 naira
Therefore, 100 trillion Zimbabwean dollars = 80 Naira

I have 250 naira right now which is roughly 300 trillion Zimbabwean dollars. Who say na only Otedola and Dangote rich? I am moving to Zimbabwe abeg

[size=25pt]Chai, so there is a currency as worthless as this. May evil not befall us [/size]