KOTCT

Worldwide Coins & Bank Notes => World Bank Notes => Topic started by: KurtS on October 28, 2008, 07:01:48 AM

Title: Inflation and currency in Zimbabwe
Post by: KurtS on October 28, 2008, 07:01:48 AM
"Pocket change"
(http://humorland.wordmess.net/files/2008/10/zw008.jpg)

Here's an interesting photo essay from this country (http://humorland.wordmess.net/20081025/what-the-real-crisis-is-like/).
Granted, it's a rather silly site, but worth a view for the photos and captions.  :o
Title: Re: Inflation and currency in Zimbabwe
Post by: Nighthawk on October 28, 2008, 10:00:52 AM
When in Zimbabwe, unless you got a lot of money, don't eat at this place......  ;D
Title: Re: Inflation and currency in Zimbabwe (link fixed)
Post by: KurtS on October 28, 2008, 12:20:50 PM
Nighthawk, lol! Amazing...I calculated that to $40.  :D

Btw, I fixed my broken link.
Title: Re: Inflation and currency in Zimbabwe
Post by: Paint Your Wagon on October 28, 2008, 10:25:49 PM
Thanks for the link

They do not seem to know wheelbarrows like Weimar did
Title: Re: Inflation and currency in Zimbabwe
Post by: Topher on October 29, 2008, 01:13:11 AM
They do not seem to know wheelbarrows like Weimar did

Not yet.
Title: Re: Inflation and currency in Zimbabwe
Post by: Erik on November 01, 2008, 05:52:24 AM
This boy can to send one package for us. :D
Title: Re: Inflation and currency in Zimbabwe
Post by: KurtS on November 01, 2008, 06:36:19 AM
Quote
They do not seem to know wheelbarrows like Weimar did

Perhaps they don't have a big enough wheelbarrow of money to even buy that smaller wheelbarrow?  ??? ;D
Title: Re: Inflation and currency in Zimbabwe
Post by: Erik on November 01, 2008, 10:41:32 PM
Can somebody find those banknotes ? For example with nominal 1 billion and  more ?
Title: Re: Inflation and currency in Zimbabwe
Post by: Paint Your Wagon on November 02, 2008, 01:40:23 AM
Quote
They do not seem to know wheelbarrows like Weimar did

Perhaps they don't have a big enough wheelbarrow of money to even buy that smaller wheelbarrow?  ??? ;D

Yes I keep forgetting
In Germany they knew at least how to make things like wheelbarrows
in Zim they probably only know how to get a family of 15
Title: Re: Inflation and currency in Zimbabwe
Post by: KurtS on November 02, 2008, 03:31:19 AM
Quote
Can somebody find those banknotes ? For example with nominal 1 billion and  more ?
Erik--yes, I think I've seen those for sale on eBay.  :)
Title: Re: Inflation and currency in Zimbabwe
Post by: Paint Your Wagon on November 02, 2008, 06:13:01 AM
The basic flaw in Zimbabwe's economy is that Zimbabwe lost its ability to feed itself.

So, if you don't produce enough agriculture commodities the prices and inflation are bound to go up. This is one lesson India had better learn from Zimbabwe, or it will be next.

In that case we are sitting on roses  ;D
Too much milk : too much meat ; too much butter ; too much tomatoes .........
Too many chickens too many pigs ( of the four and two leg variety )
In fact farmers are guaranteed minimum prices and if for instance tomatoes don't reach those price in mid summer they pay the farmers and destroy the tomatoes
On the other hand on the lay aside program farmers were paid NOT to produce grain or corn or whatever .....


Title: Re: Inflation and currency in Zimbabwe
Post by: Erik on November 02, 2008, 07:58:24 AM
Quote
Can somebody find those banknotes ? For example with nominal 1 billion and  more ?
Erik--yes, I think I've seen those for sale on eBay.  :)
I don´t know to buy from ebay because my parents cannot to pay from card. But I can send some money in letter for somebody.
Title: Re: Inflation and currency in Zimbabwe
Post by: Paint Your Wagon on November 03, 2008, 01:41:06 AM
The basic flaw in Zimbabwe's economy is that Zimbabwe lost its ability to feed itself.

So, if you don't produce enough agriculture commodities the prices and inflation are bound to go up. This is one lesson India had better learn from Zimbabwe, or it will be next.


Zimbabwe

what a wonderfull world
you make foreign mines deliver gold to you which you do not pay and buy tractors and tv's and limousines for friends


http://www.mg.co.za/article/2008-11-03-zimbabwe-gold-mines-face-collapse