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Zimbabwe to Release New Set of Higher Denomination Bearer Checks



 
 
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Old April 7th 08, 02:09 AM posted to rec.collecting.paper-money
Tommy Hillbilly
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Default Zimbabwe to Release New Set of Higher Denomination Bearer Checks


"Padraic Brown" wrote in
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.



Actually the Cargill Cotton Group has issued bearer cheques as early as
2003. For the most part though, Mugabe destroyed a lot of economic
activity, many large corporations left after the seizures of the white owned
farms began. So that doesn't leave much except for the Reserve Bank to
issue notes, to the tune of where they are believed to be paying Giesecke
and Devrient in Munich ?500.000 a week for stock, then doing the final
printing in Harare.


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