On Fri, 20 Jun 2008 22:42:05 +0100, wrote:
"Charles Ellson" wrote in message
.. .
On Thu, 19 Jun 2008 23:42:31 +0100, wrote:
"Hugh Brodie" wrote in message
news:ZKGdnURP4qoCEMfVnZ2dnUVZ_sbinZ2d@giganews. com...
Speaking of hyper-inflation, it's fun looking at the website of the
Reserve Bank of Zimbabwe http://www.rbz.co.zw to see the daily exchange
rate of the $Z vs the $US. Yesterday, it was 5,817,000,000; today it's
6,718,000,000. They have just issued $Z 50,000,000,000 notes ("bearer
cheques"). And it will cost you $Z 1,800,000,000 to mail a postcard to
the
US. http://www.zimpost.co.zw/postalrates.html
It's a shame that there are no images of currently circulating Zimbabwean
notes or coins.
http://www.marketoracle.co.uk/Article4266.html
http://mjperry.blogspot.com/2008/04/...urrencies.html
http://www.neatorama.com/category/money-finance/page/2/
The latter also has a 100,000 USD note.
http://stores.ebay.com.sg/Roberts-Wo...QQftidZ2QQtZkm
Many thanks for that.
Wouldn't it be illegal to sell a 100,000-dollar note, however? They are not
intended for general circulation and I wonder if the relevant US authorities
would have something to say about that.
The one that I'm looking at ATM (on-line, not in my hand!) does not
seem to have any such restriction :-
http://tinyurl.com/3xs6hh (
www.purpleslinky.com)
and is "Payable to Bearer". It looks as if while there was no
intention for them to "escape" into general circulation they were
still printed as currency.
As long as there is the correct amount of gold/cowrie shells/whatever
to back a note then there should be no practical reason to worry about
them getting into public hands.