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Nairaland Forum / Nairaland / General / Business / Pics: Zimbabwe Currency exchange rate is $1 to S35,000,000,000,000,000 (1114 Views)
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Pics: Zimbabwe Currency exchange rate is $1 to S35,000,000,000,000,000 by amNIGERIA: 3:25pm On Jun 13, 2015 |
The exchange rate is $1 to S35,000,000,000,000,000. So it comes as no surprise that Zimbabwe is scrapping its local currency in favor of the U.S. dollar, reports the Telegraph. Zimbabweans will be able to exchange their almost worthless local currency for the American dollar from Monday until the end of September. The U.S. dollar has been used in the country since 2009, but now the local currency is being officially phased out. People with accounts of up to 175 quadrillion — 175,000,000,000,000,000 — will be paid $5. Those with more in the bank will get an exchange rate of $1 to 35 quadrillion. Hyper-inflation has long ruined the Zimbabwe currency. In 2008, the country printed its highest ever banknote, a 100 trillion dollars. This was enough to buy a weekly bus ticket.
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Re: Pics: Zimbabwe Currency exchange rate is $1 to S35,000,000,000,000,000 by Nobody: 3:28pm On Jun 13, 2015 |
na im be say with 100k I be dangote for dia? oya, *bring down my box n start folding ma shirts n packing my stuffs* @Op abeg how do I process my Zimbabwe visa mbok |
Re: Pics: Zimbabwe Currency exchange rate is $1 to S35,000,000,000,000,000 by Caseless: 3:34pm On Jun 13, 2015 |
Yesu almasihu! Do they have 'tissue papers' as currency in that country? |
Re: Pics: Zimbabwe Currency exchange rate is $1 to S35,000,000,000,000,000 by lgboks(m): 4:00pm On Jun 13, 2015 |
Wow.....i see a profitable business over there o.... Just cary small money go double 4 dia (of which d hussle will be long) Na to make money here,,,,,den go holz there o B4 we go europe |
Re: Pics: Zimbabwe Currency exchange rate is $1 to S35,000,000,000,000,000 by lightheart(m): 4:02pm On Jun 13, 2015 |
I'm sure even cowries were not that worthless! |
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