Majorly OT - Who Wants to be a Zimbabwean Quadrillionaire?

Submitted by EastCoast Esq. on

(Mods, feel free to delete if this is too political)

My friend pointed out an article to me today about how bad inflation has gotten in Zimbabwe. The banks of Zimbabwe are trying to get rid of their worthless currency by offering U.S. dollars in exchange.

The exchange rate? 35 quadrillion Zimbabwe dollars for each U.S. dollar.

http://money.cnn.com/2015/06/12/news/zimbabwe-currency-dollar/index.html?iid=ob_homepage_money_pool&iid=obnetwork

This gave me the idea to become a quadrillionaire, but apparently a ton of people have had the same idea. The going rate to become an instant quadrillionaire on eBay is $330.

http://www.ebay.com/itm/Zimbabwe-100-Trillion-Dollars-X-10-PCS-AA-2008-Series-UNC-Currency-/281467839258?pt=LH_DefaultDomain_0&hash=item4188ca631a

 

Ironic that Zimbabwe has greatly increased the value of its currency by trying to destroy it.

 

So....who is willing to fork over $330 real dollars to become a quadrillionaire?

Erik_in_Dayton

June 12th, 2015 at 9:58 AM ^

...plane crashing into a train that then somehow crashes into a boat that then crashes into a submarine that then sinks to the bottom of the Indian Ocean. 

Cool story, bro:  I was in Ghana (much better run than Zimbabwe) about ten years ago and at one point had more than 1,000,000 Cedis (the Ghanaian currency) in my pocket. It was a very odd feeling despite the fact that, to me, it was a couple hundred dollars. 

JHendo

June 12th, 2015 at 2:17 PM ^

Funny thing is, in the mid-90's, I remember my 4th grade teacher making us all write a report on how great of a guy Mugabe was (I'm not quite sure why were discussing politics in Zimbabwe/Rhodesia at the age of 10).  I imagine no school kids, here in the states or elswhere, are taught to think such nice things about this incompetent crook anymore.  Hindsight is 20-20.

Well...Well...Well

June 12th, 2015 at 10:04 AM ^

The guy running a hostel I stayed at in South Africa a few years back was originally from Zimbabwe and would always give us a better exchange rate for USD to SA rand so he would have more USD to take back home

RogueRage

June 12th, 2015 at 10:10 AM ^

A couple of years ago I bought a 100 trillion dollar Zimbabwe bill on eBay for fun. I got it for $4.95, I guess I got a good deal.               

Yo_Blue

June 12th, 2015 at 10:07 AM ^

I went to Zimbabwe in April with the UM Alumni Association as part of a South Africa trip.  They don't even use the Zimbabwean currency any more.  The beggers on the street all have a handful of million and billion Z dollar notes that they are willing to let go for a couple bucks.  Everything is in US dollars which is really, really weird.

That said, the elephants wandering the streets near Victoria Falls is worth the price of admission.

quigley.blue

June 12th, 2015 at 10:08 AM ^

dude, my brother and I bought 100 of these bills literally 4 years ago for 50 bucks.  They havent been legitimate currency for over 6 years. 12 April 2009, they abandonded it.

LSAClassOf2000

June 12th, 2015 at 10:12 AM ^

For one fleeting moment, I thought about possibly trying to market a "35 Quadrillion Zimbabwean Dollar Store", but they still wouldn't take MasterCard for some reason which eludes current understanding and it would be the same result. That is some hideous inflation though. I did the exchange rate on the MSRP of my car in Zimbawean dollars though - a cool 8.6083 x 10^20 Z$, so not too bad for a new Cherokee. 

gopoohgo

June 12th, 2015 at 10:13 AM ^

that they stopped printing Zimbabwe dollars and just started using US currency in 2012 due to the obvious hyperinflation of their local currency.

Soulfire21

June 12th, 2015 at 11:21 AM ^

Did they abandon the currency?  And if so, are they trying to move to the USD?

Ed:  I guess I should read the article.  Currency abandoned in 2009 after hyperinflation ruined it, they are using USD and South African rand.

goblueram

June 12th, 2015 at 5:39 PM ^

And I thought my pocket full of South African rand was bad at 12-to-1 conversion rate.  Currently back visitng Chicago and realized I have only rand and no USD... 

I plan on getting up to Zimbabwe from Joburg soon to see Vic Falls, might have to pick up some 100 trillions while there.