Zimbabwe dollars

Discussion in 'Currencies' started by renovator, Aug 12, 2011.

  1. renovator

    renovator Well-Known Member

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    As a few of you know im on holidays & while checking the exchange rate i noticed the zimabawe dollar is only 388 for $1AUD seems those big notes that some have might be able to cash them in & buy that dream house!!! :p:

    Is that currency still legal tender? I just had a great investment thought !!! lol

    Im bored so i looked at all the currencies & the top 3 as in most for your aussie buck are : drumroll:

    1... Vietnamese Dong at an astounding 21450

    2... Iranian Real fades into insignificance at 10892

    3... Indonesian Rupiah at 8832

    I know i need to get out more ....but its too damn hot outside
     
    renovator, Aug 12, 2011
    #1
  2. Loxmyf

    Loxmyf Member

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    Nope, the 100 Trillion note is no longer legal tender...
     
    Loxmyf, Aug 12, 2011
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  3. bennybbc

    bennybbc Member Silver Stacker

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    Interesting Renovator...
    Did a quick search and found this -

    The First Zimbabwe Dollar (ZWD) is obsolete. In June 2006 it was replaced by the Second Zimbabwe Dollar (ZWN) at a rate of 1000 to 1. A third and fourth dollar were later introduced and then the currency was abandoned. Zimbabwe no longer has its own currency and Zimbabwe dollars of all types are worthless.

    I wonder what they are useing and where the $388 comes from...

    Can still get them in bulk on eBay-
     
    bennybbc, Aug 12, 2011
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  4. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    The Zimbabwe Govt never paid the Austrian printer for the notes.... so technically , they were never 'legal'.
     
    Clawhammer, Aug 12, 2011
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  5. renovator

    renovator Well-Known Member

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    Is that right ? what a bunch of scammers ....but hilarious
     
    renovator, Aug 12, 2011
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  6. boston

    boston Well-Known Member Silver Stacker

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    It would be a bit of a talking point, having a pile of Zimbabwe notes in the toilet. May stir up some controversy regarding fiat currencies.
     
    boston, Aug 12, 2011
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  7. renovator

    renovator Well-Known Member

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    Edit wrong link oops

    i got it from here
    Try this one http://www.exchange-rates.org/currentRates/F/AUD
     
    renovator, Aug 12, 2011
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  8. bennybbc

    bennybbc Member Silver Stacker

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    So they no longer have a legal currency but you can convert 388 of them for $1au...
     
    bennybbc, Aug 12, 2011
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  9. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    But fiat currencies are far better than a gold standard! I have faith!
     
    Jislizard, Aug 12, 2011
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  10. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    I had heard that the Zim dollar was no longer valid - and you would expect so surely otherwise there would be a country FULL of trillionaires now that prices had settled down.

    I reckon you should take advantage of the good exchange rate with the Dong. I can't recommend Vietnam high enough. Fantastic place for a holiday and i got it when it was only 15,000:1. I still (try to) play my USD$30 mandolin!
     
    Naphthalene Man, Aug 12, 2011
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  11. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Big hoarders of gold, the Vietnamese!
     
    Clawhammer, Aug 12, 2011
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  12. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    I'd love one of those boats - tao? or something that has slipped my mind... But realistically can't justify that whim.
     
    Naphthalene Man, Aug 12, 2011
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  13. fishball

    fishball New Member Silver Stacker

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    Tael.
     
    fishball, Aug 12, 2011
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  14. thehuckler

    thehuckler New Member

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    I've got a full set of Zimbabwe hyperinflation notes somewhere.

    Got it for about $20 on ebay, seemed like a good idea at the time.
     
    thehuckler, Aug 12, 2011
    #14

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