Zimbabwe will start printing it's own US dollars. ha ha

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Zimbabwe will start printing it's own US dollars. ha ha

Postby dazed & confused » 5th May 2016, 19:03

Dear Zambia,

Zimbabwe is set to print its own version of the US dollar in order to ease a cash shortage in the country.
Central bank governor John Mangudya said the cash, known as bond notes, will be backed by $200m (£140m) support from the Africa Export-Import Bank.
The specially-designed two, five, 10 and 20 dollar notes will have the same value as their US dollar equivalents.
Zimbabwe introduced the US dollar after ditching its own currency in 2009 following sustained hyperinflation.
Since then Zimbabweans have been using the dollar as well as a number of other foreign currencies including the South African rand and the Chinese yuan.
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dazed & confused
 


Re: Zimbabwe will start printing it's own US dollars. ha ha

Postby God's country » 6th May 2016, 21:11

Every few years or so, some stupid African wakes up one day and announces to his fellow countrymen that he has found a brilliant idea to solve their poverty problems and that idea is to print money in mass production.

But sooner rather than later reality hits. And all the countrymen sit around sucking their thumbs and wondering what went wrong..
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God's country
 

Re: Zimbabwe will start printing it's own US dollars. ha ha

Postby Airborne » 7th May 2016, 12:34

Zimbabweans only need Jesus to save them!
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Airborne
 


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