Hi ,
I know you
operate an honest distribution with the intent of helping everyone that reads
it. ....In that vein, I have done the appropriate background investigation on
the guru proclamations that the Zimbabwe dollar is such a great investment.
....As it turns out, it is entirely fraudulent; but the currency does have some
minute value. ....I am including the following evidence which I hope you will
post without name.
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Many claims are being made
about the Zimbabwe currency and perceived value. Most are gross exaggerations,
and the following dialogue should support this claim.
1) Zimbabwe underwent massive
inflation following the introduction of their currency. ....The problem was
systemic and attempts to arrest the problem resulted in re denominations in
August 2006, August 2008, and February 2009.
|
Date of
redenomination |
Currency
code |
Value
|
|
1 August 2006
|
ZWN
|
1 000 ZWD
|
|
1 August 2008
|
ZWR
|
1010 ZWN
= 1013 ZWD |
|
2 February 2009
|
ZWL
|
1012 ZWR
= 1022 ZWN = 1025 ZWD |
http://en.wikipedia.org/wiki/Zimbabwean_dollar
2) The physical currencies prior to the first and second re denominations were subsequently demonetized, but the currency from series 2008 has never been demonetized.
It was, however; re denominated and a fourth Zimbabwe series was issued. ...With this information it is clear to see that the 2008 series 100 trillion dollar note is equal to 100 Zimbabwean dollars in today's terms.
http://en.wikipedia.org/wiki/Banknotes_of_Zimbabwe
3) THE CURRENCY LISTING IN EXCHANGE CENTERS REFERS TO THE FOURTH ZIMBABWEAN DOLLAR ISSUED ON FEBRUARY 2, 2009.
"Paper money of the fourth dollar (ZWL)
The Zimbabwe dollar was again reformed on 2 February 2009 when the fourth dollar replaced the third dollar at the ratio of 1 000 000 000 000 (1012) to 1 with the original intention of phasing out the latter by 1 July 2009.[4] The 2009 banknote series was issued for the fourth dollar which circulated from 2 February 2009 until the suspension of the dollar on 12 April 2009.[5] The series consisted of denominations ranging from $1 to $500. The notes had a revised design with chevrons as registration devices, the Zimbabwe Bird in Optically Variable Ink and an iridescent strip. Most parts of the design were recycled from designs of past issues and do not have a watermark although a plain space existed in the areas where it would normally be positioned."
http://en.wikipedia.org/wiki/Banknotes_of_Zimbabwe
4) THEREFORE THE 100 TRILLION DOLLAR NOTES THAT ARE BEING TALKED ABOUT ARE ACTUALLY WORTH 100 ZIMBABWE DOLLARS, AND THAT IS CURRENTLY EXPRESSED AS AN EXCHANGE RATE TO BE WORTH 31 US CENTS(US $0.31)!
http://www.bloomberg.com/markets/currencies/
PLEASE DO YOUR OWN RESEARCH INTO THIS NEAR WORTHLESS PAPER CURRENCY!
5 comments:
THAT IS FINE AND DANDY MR. SO-CALLED RESEARCHER.....BUT......THAT IS .....ALL........PRIOR TO CHINA'S ENTRY INTO ZIM LAND.....THEREFORE YOU NEED TO DO A LITTLE MORE RESEARCHING AS YOU DO NOT HAVE A CLUE AT THIS TIME.... ...SINCE YOU ARE CLUELESS ......I WILL POINT OUT TO YOU THAT THE NEW GCR IS BEING BASED ON WHAT THE COUNTRY HAS IN NATURAL RESOURCES .....GOLD, OIL, DIAMONDS....ETC......IF THAT IS THE CASE THEN ZIM LAND IS WORTH MUCH MORE THAN DINARLAND....
Without question, the Zimbabwe Dollar (and the Dinar) should not be viewed as "investment" vehicles, especially in light of the economic factors that are driving their respective economies right now. While I have a website that sells Zimbabwe Dollars, it is with the clear understanding that there are no false promises of some future revaluation or anything like that...it is purely for collectible purposes. Anyone can be a trillionaire with Zimbabwe Dollars...that's the whole thing, it's just a novelty. But if someone is banking their hopes on the Zim$ for some future revaluation, that's not a wise move at all.
Thanks,
Jim @ Buy Zimbabwe Dollars
Thank you so tired of these so called no it all crack pots!
LoL thats not what BRICS thinks. Russia particularly injected 4 billion in a Zimbabwe platinum mine deal. So where yall getting this info from.
Lots of people have been misled by the notion that the Zim dollar is an "investment", when it should only be treated as a novelty, or collector's item. Even on my site, I never push buying Zimbabwe dollars as any kind of "investment" spiel, but rather that it's a fun way to become an instant trillionaire. I really hope that people do their homework before making ANY kind of investment, but especially anything dealing w/ government fiat. Cheers.
Jim
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