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Old 05-15-2008, 09:26 AM   · #1
italiandragon
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Thumbs down Inflation at 165,000 per cent and notes of 500,000,000

This is happening in Zimbabwe

http://www.news.com.au/story/0,2359...106-401,00.html

And we worry to keep the inflation under 4 % or so...


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Old 05-15-2008, 11:49 AM   · #2
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Maybe they could help their economy by selling some of those $500 000 000.00 bills over here as souvenirs, that would be kind of cool to carry around

PS. USA is next
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Old 05-15-2008, 10:35 PM   · #3
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Well, that's maybe why the africans(mostly kenia) come up with "i have 300 million" scams....don't get me wrong, i also think it is scary and sad :-(

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Old 05-16-2008, 08:45 AM   · #4
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Originally Posted by liquidcherry
Well, that's maybe why the africans(mostly kenia) come up with "i have 300 million" scams....don't get me wrong, i also think it is scary and sad :-(

Cheers,

Frank



Don`t they come from Nigeria? I have never heard scams from Kenia.
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Old 05-16-2008, 11:01 AM   · #5
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Originally Posted by italiandragon
Don`t they come from Nigeria? I have never heard scams from Kenia.



OOps, my bad...it was late when i posted :-)

Cheers,

Frank
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Old 05-31-2008, 10:11 AM   · #6
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Question

I wonder if with a new government the current currency will lose totally its value or not.

There were similar cases in Kuwait and Iraq but this is not totally like those.

In Kuwait many investors got rich once the currency recovered while in Iraq the old currency was replaced by a new Iraq Dinar.

What could happen here?
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Old 05-31-2008, 11:29 AM   · #7
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Anyone remember Germany after WW1? They just kept printing money.
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