Zimbabwe unveils 100 trillion dollar banknote

[Yamalia]

shame what happened to this 1st world country after white rule ended.
http://www.thaindian.com/newsportal/business/zimbabwe-unveils-100-trillion-dollar-banknote_100143184.html

Zimbabwe unveils 100 trillion dollar banknote
January 16th, 2009 - 5:29 pm ICT by IANS - Send to a friend:

Harare, Jan 16 (Xinhua) The Reserve Bank of Zimbabwe (RBZ) has introduced a new family of trillion Zim-dollar banknotes in denominations of 100 trillion, 50 trillion, 20 trillion and 10 trillion that went into circulation Friday, starting with the 10 trillion notes, a media report said.The 20 trillion, 50 trillion and 100 trillion notes will be introduced gradually, The Herald newspaper said.

In a statement Thursday, the Reserve Bank of Zimbabwe said the notes will ensure that those in formal employment withdraw their salaries with minimal hassle.

“In a move meant to ensure that the public has access to their money from banks, the Reserve Bank of Zimbabwe has introduced a new family of banknotes which will gradually come into circulation, starting with the 10 trillion,” read the statement from the RBZ.

With effect from Jan 12, workers can now withdraw their entire January salary in cash as long as they produce their current payslips.

The new notes have the same security features as the existing ones: a colour shift stripe with RBZ printed on it, the Zimbabwe Bird colour shift on the front, and see-through of the values on either side which are in perfect register.

The 10 trillion note has the image of the RBZ Building and the Conical Tower at the Great Zimbabwe National Monuments.

The 100 trillion note has the image of a buffalo and the Victoria Falls, the 50 trillion has the Kariba Dam spilling and an elephant, while a mineworker drilling in an underground shaft and the GMB grain silos appear on the new 20 trillion note.

RBZ last week introduced 10 billion, 20 billion and 50 billion Zim-dollar notes with a view to enabling workers to access their full salaries.

Inflation in Zimbabwe has spiralled out of control. According to last official estimates, inflation in July of last year stood at 231 million percent in the country.

[24KT]

Holy Cow, ...wasn't it just a few days ago that they revealed their first 1 billion dollar bank note,
...worth approximately $3.20 Canadian?

I can see it now, ...it'll be just like Germany in the 1930's.

The Rockefellers will be burning stacks of thousand dollar bills because it will be cheaper than firewood. 

[Yamalia]

Holy Cow, ...wasn't it just a few days ago that they revealed their first 1 billion dollar bank note,
...worth approximately $3.20 Canadian?

I can see it now, ...it'll be just like Germany in the 1930's.

The Rockefellers will be burning stacks of thousand dollar bills because it will be cheaper than firewood. 

i think it was a 100 billion dollar note.

[24KT]

i think it was a 100 billion dollar note.

Wow, ...Mugabe sure messed that country up. 

[Nordic Superman]

Wow, ...Mugabe sure messed that country up. 

Wait... it wasn't Bush or US somehow?

[Yamalia]

Wow, ...Mugabe sure messed that country up. 

he made the mistake of thinking his fellow africans can do things just as good as whites, run companies, agriculture etc.  and failed miserably.
there is a cholera epidemic now and people are eating cow shit.

[w8tlftr]

he made the mistake of thinking his fellow africans can do things just as good as whites, run companies, agriculture etc.  and failed miserably.
there is a cholera epidemic now and people are eating cow shit.

Are you saying that only whites can run companies, argriculture, etc. well?

[24KT]

he made the mistake of thinking his fellow africans can do things just as good as whites, run companies, agriculture etc.  and failed miserably.
there is a cholera epidemic now and people are eating cow shit.

It is corruption bringing that country down, ...not incompetence.

[Yamalia]

Are you saying that only whites can run companies, argriculture, etc. well?

no.  just not africans(99.99999% at least), they can not even do menial tasks properly let alone run advanced companies or agriculture.  theres a reason good are produced in china by chinese and not in africa by africans where labor is even much cheaper.

[24KT]

no.  just not africans(99.99999% at least), they can not even do menial tasks properly let alone run advanced companies or agriculture.  theres a reason good are produced in china by chinese and not in africa by africans where labor is even much cheaper.

Ya, no infrastructure and a severe lack of regional stability.

[Yamalia]

Ya, no infrastructure and a severe lack of regional stability.

why is there no infrastructure, and why is there a lack of regional stability?  no countries can even subcontract mining and other resource extraction operations without providing the technology and directly supervising them so the job gets done and done correctly.  africans are just not capable of running a successful modern country, their genes wont allow for it.

[w8tlftr]

no.  just not africans(99.99999% at least), they can not even do menial tasks properly let alone run advanced companies or agriculture.  theres a reason good are produced in china by chinese and not in africa by africans where labor is even much cheaper.

I think this is a result of culture, severe lack of educational infrastructure, and regional instability.

I've meet quite a number of very intelligent IT professionals from Africa. Of course, they were given the opportunity to succeed in America and were educated. I strongly doubt they'd have a fraction of the success in their native countries that they enjoy here.