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To: Clive
are demanding Z$142 billion ... what's that, about $14.20 USD?
3 posted on 07/29/2006 4:32:00 PM PDT by NonValueAdded (Occupation does not cause terrorism; terrorism causes occupation. (A. Dershowitz))
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To: NonValueAdded
Not that far off, actually. From Cathy Buckle's latest: The foreign currency rate soared on the black market with one British Pound selling for one million Zimbabwe dollars.
4 posted on 07/29/2006 4:36:11 PM PDT by NonValueAdded (Occupation does not cause terrorism; terrorism causes occupation. (A. Dershowitz))
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To: NonValueAdded
Here is the latest exchange rate:

1 US Dollar = 100,828 Zimbabwe Dollar

You will have to do the arithmetic yourself. I get lost in all the zeros.

In 2000, when the farm invasions began, the Zim dollar was trading at a fairly stable Z$55 to US$1

Of course, with inflation in quadruple digits, any exchange rate becomes meaningless. Zimbabwe is rapidly degenerating into a barter economy.

About three years ago I was waiting for the XYL in a shopping mall in Toronto and out of boredom I went to the Thomas Cook foreign exchange counter and asked for the exchange rate for Zimbabwe dollars to Canadian dollars. My inquiry was met with huge hilarity.

So far as the Thomas Cook company is concerned there is no longer any such thing as a Zimbabwe dollar.

7 posted on 07/29/2006 4:49:18 PM PDT by Clive
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