₦airaland Forum

HARARE, Zimbabwe — Zimbabweans will start
exchanging quadrillions of local dollars for a
few U.S. dollars next week, as President Robert
Mugabe's government discards its virtually
worthless national currency.
The southern African country started using
foreign currencies like the U.S. dollar and
South African rand in 2009 after the
Zimbabwean dollar was ruined by hyper-
inflation, which hit 500 billion percent in 2008.
At the height of Zimbabwe's economic crisis in
2008, Zimbabweans had to carry plastic bags
bulging with bank notes to buy basic goods like
bread and milk. Prices were rising at least
twice a day.

From Monday, customers who held
Zimbabwean dollar accounts before March
2009 can approach their banks to convert their
Zimbabwean dollar balance into dollars,
Reserve Bank of Zimbabwe Governor John
Mangudya said in a statement on Thursday.
The process will legally end the local currency.
Zimbabweans have until September to turn in
their old bank notes, which some people sell as
souvenirs to tourists.

Bank accounts with balances of up to 175
quadrillion Zimbabwean dollars will be paid $5.
Those with balances above 175 quadrillion
dollars will be paid at an exchange rate of $1 to
35 quadrillion Zimbabwean dollars.
The highest — and last —bank note to be
printed by the bank in 2008 was 100 trillion
Zimbabwean dollars. It was not enough to ride
a public bus to work for a week.
The RBZ said customers who still have stashes
of old Zimbabwean dollar notes can walk into
any bank and get $1 for every 250 trillion they
hold.
That means a holder of a 100 trillion bank note
will on Monday get 40 cents. The RBZ has set
aside $20 million to pay Zimbabwean dollar
currency holders.


www.nbcnews.com/business/economy/175-quadrillion-zimbabwean-dollars-now-equals-5-n374171?cid=sm_fb

If I wanna buy crate of egg na ghana must go I go use pack d money

younghartz:
If I wanna buy crate of egg na ghana must go I go use pack d money

lol you will use hilux

What a shame!

And the man just won't step down or aside or out completely from the position so that someone else can steer the country. Don't they have educated people in that country?

younghartz:
If I wanna buy crate of egg na ghana must go I go use pack d money

I dey tell you.

Yet people are castigating the sahara reporter that attacked the Zimbabwean president Robert Mugabe.

dajoaneke:
lol you will use hilux

Hahahahahahahahahha
Hilux? oboy I don mad for myself

Mugabe should step down so this country can have peace. His pan-negroism agenda has proven to be driven out of selfishness since he has turned himself into a tyrant.

You have fought white minority rule, you took back the lands for black Zimbabweans and now it's time to let the young generation to find a new course for Zimbabwe.

Na to carry MAN diesel with two Pick up as escort just to go buy bread.

Foolish Mugabe...chased away the Zimbabwe White farmer cos of pure hatred for the Whites without considering it's economic ramifications...now the White Zim Farmers are now in Kwara where Saraki gave them a haven. Their annual yield is unbelievable...would feed whole of Kwara and other neighbouring states

Fooools!!!