BuffaloNickel86

Zimbabwe bank to issue $10m bill

http://newsvote.bbc.co.uk/2/hi/africa/7195569.stm


Sad but true, the inflation rate in Zimbabwe is 50,000%, and Z$10,000,000 is worth less than US$4.

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dreamer94

Are they having the same arguments we are about whether to eliminate the one cent coin?

cesariojpn

Only time before they need to issue Billion Dollar bills.

Oh wait, someone beat them to it:

http://www.thesmokinggun.com/archive...2billion1.html

gatzdon

You would think the second clue about the authenticity of those notes would be the blue seal. (the first being too obvious to even have to mention it)

lettow

The Federal Reserve Bank of New York has a website that discusses these type of scams. These notes are part of the article about 1930 Bonds and Notes.

http://www.newyorkfed.org/banking/frscams.html

Aslanmia

I doubt they could even conceptualize a billion dollars back in the 30's, let alone make a bill... I doubt there was that much money in the entire country.

Troodon

If they did issue a billion dollar bill it would be the highest denomination ever on a piece of paper money... they could sell them as novelties, perhaps help out their economy a little lol... the eBay idea might actually be a feasible way to bring in some hard currency.

Actually wouldn't be that different than several countries that produce NCLT to sell to collectors as a way of raising money.

I wonder if there's a feasible way to get one of these 10 million dollar notes? Would love one for my currency collection.

Actually keep your eyes on eBay... they have lots of modern notes from Zimbabwe currently and I'm sure this one will show up soon.

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Daggarjon

absolutely crazy. i wouldnt be surprised if that $1 bilion note was attempted to be used at a local McDonalds for a double cheesburger on their 99cent menu

For the Zimbabwe note... i want some

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luc87

crazy.

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acl864

If the Zimbabwe Governmet put the $10,000,000 bills on E-Bay for $9.99 each (+4.99 S/H) they could probably earn enough US Currency to help their economy. Just an idea.

Daggarjon

it the conversion to US is only around $4, i for one would not pay $10 plus $4 for shipping for it. I want one, but not for $10 over face!

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acl864

It was a joke- should've used a smiley. If they put them on ebay somebody will buy them. But on a more serious note- i'd like to have one too if the price is reasonable- anybody have friends in Zimbabwe?

Andy

gopher29

I'm surprised the Federal Reserve hasn't printed any yet. The politicians in our government seem to love to print more notes backed by nothing and thus further dilute our money supply. Come to think of it, maybe the next President will just have them print several one trillion dollar notes and then we will be able to pay off the entire national debt and fund a bunch of new pork barrel spending projects.

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acl864

You've got some good ideas! Care to be our next President? The field isn't looking too promising right now. Just think of all the cool currency that could be issued with a numismatist in the White House.

gopher29

I'm not interested in the job but there is one guy running that for the republican ticket that cares deeply about our money supply and the damage the Fed has done to it. However, I can't post his name here because it would earn me another Cointalk demerit. But if you follow politics even a little bit then you probably know of whom I refer.

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"A desperate disease requires a dangerous remedy." ~Guy Fawkes~

"If Antarctica ever mints a coin I think it should have a Penguin on it." ~gopher29~