|
Zimbabwe to Release New Set of Higher Denomination Bearer Checks
Less than a month after introducing the $250,000, $500,000 and
$750,000 bearer checks, Zimbabwe is to release this Friday a set of even higher denomination bearer checks: 1 Million Dollars, 5 Million Dollars and 10 Million Dollars. http://afp.google.com/article/ALeqM5...lKNP8Uk88X_MEg |
Zimbabwe to Release New Set of Higher Denomination Bearer Checks
On Jan 16, 6:33*pm, wrote:
Less than a month after introducing the $250,000, $500,000 and $750,000 bearer checks, Zimbabwe is to release this Friday a set of even higher denomination bearer checks: 1 Million Dollars, 5 Million Dollars and 10 Million Dollars. http://afp.google.com/article/ALeqM5...lKNP8Uk88X_MEg Pictures of the new bearer checks available on Reserve Bank of Zimbabwe web site. http://www.rbz.co.zw/pdfs/highDenom2.pdf |
Zimbabwe to Release New Set of Higher Denomination BearerChecks
There are a number of the notes for sale on eBay. However, I'd caution
against buying any of these immediately. With inflation at astronomical rates, "high-value" Zim notes drop in price every day. On 4/3/08 10:23 AM, in article U-adnTfYHfrrj2janZ2dnUVZ_ovinZ2d@eaglecomputertechno logy, "Jim Higgins" wrote: wrote: On Jan 16, 6:33 pm, wrote: Less than a month after introducing the $250,000, $500,000 and $750,000 bearer checks, Zimbabwe is to release this Friday a set of even higher denomination bearer checks: 1 Million Dollars, 5 Million Dollars and 10 Million Dollars. http://afp.google.com/article/ALeqM5...lKNP8Uk88X_MEg Pictures of the new bearer checks available on Reserve Bank of Zimbabwe web site. http://www.rbz.co.zw/pdfs/highDenom2.pdf Does anyone sell the new, very high denomination Zimbabwe bills? |
Zimbabwe to Release New Set of Higher Denomination Bearer Checks
Owen W. Linzmayer wrote:
There are a number of the notes for sale on eBay. However, I'd caution against buying any of these immediately. With inflation at astronomical rates, "high-value" Zim notes drop in price every day. On 4/3/08 10:23 AM, in article U-adnTfYHfrrj2janZ2dnUVZ_ovinZ2d@eaglecomputertechno logy, "Jim Higgins" wrote: wrote: On Jan 16, 6:33 pm, wrote: Less than a month after introducing the $250,000, $500,000 and $750,000 bearer checks, Zimbabwe is to release this Friday a set of even higher denomination bearer checks: 1 Million Dollars, 5 Million Dollars and 10 Million Dollars. http://afp.google.com/article/ALeqM5...lKNP8Uk88X_MEg Pictures of the new bearer checks available on Reserve Bank of Zimbabwe web site. http://www.rbz.co.zw/pdfs/highDenom2.pdf Does anyone sell the new, very high denomination Zimbabwe bills? Thanks. -- Civis Romanus Sum |
Zimbabwe to Release New Set of Higher Denomination Bearer Checks
"Owen W. Linzmayer" wrote in message ... There are a number of the notes for sale on eBay. However, I'd caution against buying any of these immediately. With inflation at astronomical rates, "high-value" Zim notes drop in price every day. Owen; That is good advice, but with the current exchange rate of Z$25,000,000 : US$1, I wouldn't worry too much about a note worth a buck or two losing much value:) |
Zimbabwe to Release New Set of Higher Denomination BearerChecks
Yes, but you don't pay face value for UNC notes. The current 10-million
dollar note sells on eBay for $10 to $20. Let 165,000% inflation run its course and these notes will be available by the bricks for almost nothing before too long. On 4/4/08 7:24 AM, in article , "Tommy Hillbilly" wrote: "Owen W. Linzmayer" wrote in message ... There are a number of the notes for sale on eBay. However, I'd caution against buying any of these immediately. With inflation at astronomical rates, "high-value" Zim notes drop in price every day. Owen; That is good advice, but with the current exchange rate of Z$25,000,000 : US$1, I wouldn't worry too much about a note worth a buck or two losing much value:) |
Zimbabwe to Release New Set of Higher Denomination Bearer Checks
"Owen W. Linzmayer" wrote in message ... Yes, but you don't pay face value for UNC notes. The current 10-million dollar note sells on eBay for $10 to $20. Let 165,000% inflation run its course and these notes will be available by the bricks for almost nothing before too long. True, but who would pay 5x face for new uncirculated notes too? That is way too much of a markup. The way Mugabe is plowing the economy in Zimbabwe, 50M notes are going to be chump change. |
Zimbabwe to Release New Set of Higher Denomination BearerChecks
Cheap notes usually carry a much higher percentage mark up than high-value
notes. I don't think anyone is going to get rich selling Zim dollars to collectors. On 4/4/08 11:53 AM, in article , "Tommy Hillbilly" wrote: "Owen W. Linzmayer" wrote in message ... Yes, but you don't pay face value for UNC notes. The current 10-million dollar note sells on eBay for $10 to $20. Let 165,000% inflation run its course and these notes will be available by the bricks for almost nothing before too long. True, but who would pay 5x face for new uncirculated notes too? That is way too much of a markup. The way Mugabe is plowing the economy in Zimbabwe, 50M notes are going to be chump change. |
Zimbabwe to Release New Set of Higher Denomination Bearer Checks
On Fri, 04 Apr 2008 14:18:01 -0700, "Owen W. Linzmayer"
wrote: Cheap notes usually carry a much higher percentage mark up than high-value notes. I don't think anyone is going to get rich selling Zim dollars to collectors. Perhaps not in the US, but in Z ... maybe! Someone who can accumulate a few actual US$ (or other hard currencies) will have something of an advantage over his countrimen who have to rely on Mugabe's toilet tissue "currency" issues for their money. Their economy would be better off if local merchants and businesses could issue their own (kind of like the various local currencies you find in Germany or the US) -- but Mugabe is such a nutter, it's probably illegal too and they'd wind up dead or worse for the effort. Padraic On 4/4/08 11:53 AM, in article , "Tommy Hillbilly" wrote: "Owen W. Linzmayer" wrote in message ... Yes, but you don't pay face value for UNC notes. The current 10-million dollar note sells on eBay for $10 to $20. Let 165,000% inflation run its course and these notes will be available by the bricks for almost nothing before too long. True, but who would pay 5x face for new uncirculated notes too? That is way too much of a markup. The way Mugabe is plowing the economy in Zimbabwe, 50M notes are going to be chump change. -- Posted via a free Usenet account from http://www.teranews.com |
All times are GMT +1. The time now is 05:52 PM. |
|
Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
CollectingBanter.com