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$50 million bank note

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$50 million bank note

Postby Mookie4ever » Fri Apr 04, 2008 3:17 pm

http://ca.news.finance.yahoo.com/s/0404 ... three.html

Zimbabwe issues $50-million bank note; buys just three loaves of bread
Fri Apr 4, 10:31 AM
The Associated Press

(The Canadian Press)By The Associated Press

HARARE, Zimbabwe - Authorities in Zimbabwe have issued a new mega bank note in an attempt to cope with the troubled African country's runaway inflation.

The size of the new note - 50 million Zimbabwean dollars.

The new bill issued Friday is the third time in three months that the central bank in Harare has issued a higher denomination note in response to the country's 100,000 per cent annual inflating rate.

In practical terms, the $50-million bill is worth just US$1 in trading on Zimbabwe's widely used black market.

That means it can buy just three loaves of bread.


Wonder what A-Rod's salary is in Zimbabwean dollars?
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Re: $50 million bank note

Postby Madison » Fri Apr 04, 2008 3:30 pm

I find 3 loaves of bread for a buck as more interesting....
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Re: $50 million bank note

Postby knapplc » Fri Apr 04, 2008 3:34 pm

Madison wrote:I find 3 loaves of bread for a buck as more interesting....

I was a baker about 15 years ago and we sold three loaves of "farmer's bread" for a buck. It was mediocre, unsliced white bread, but it was fresh and not made from garbage.
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Re: $50 million bank note

Postby bigh0rt » Fri Apr 04, 2008 3:36 pm

Madison wrote:I find 3 loaves of bread for a buck as more interesting....

What they don't tell you is that these is their loaves...
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Re: $50 million bank note

Postby Grounded Polo » Fri Apr 04, 2008 3:51 pm

ARod is going to buy the country of Zimbabwe and convert it into his summer home.
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Re: $50 million bank note

Postby thedude » Fri Apr 04, 2008 4:37 pm

Mookie4ever wrote:
Wonder what A-Rod's salary is in Zimbabwean dollars?


13,750,000,000,000,000 Zimbabwean dollars is the value of his new contract, or 41, 250,000,000,000,000 loaves of bread.
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Re: $50 million bank note

Postby jlm53089 » Fri Apr 04, 2008 10:15 pm

I would just like to have one of those notes and try to use it here to buy something.
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Re: $50 million bank note

Postby The Artful Dodger » Fri Apr 04, 2008 11:43 pm

I wonder how many Tim Hortons I can buy with $50 million Zimbabwean dollars. :-?
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Re: $50 million bank note

Postby AussieDodger » Sat Apr 05, 2008 3:31 am

I think if America wanted to knock off a dictator, they'd get Mugabe.
Obviously Zimbabwe has no oil.
See that he got smashed in the election and he's calling it a draw?
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Re: $50 million bank note

Postby jlm53089 » Sun Apr 06, 2008 12:00 am

Trying to fix it, they are taking so long to announce it.
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