If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
(RCSD) Zimbabwe - some info for Ralphael
How much is Ralph's 100 billion dollars worth?
Read on! Zanu PF in currency scandal From ZWNEWS, 30 April 2009 In every country, bank notes carry unique serial numbers which are never repeated, except, it seems, in Zimbabwe. Dealers in the USA, Germany and South Africa who sell pristine-quality paper money to collectors are turning up Zimbabwe dollar notes with duplicate numbers, especially on the $100bn "Agro-cheques" that were released last year. According to Richard Oaten, a former UN contractor who worked in the Democratic Republic of Congo, the practice of printing more that one set of currency was common under late dictator, Mobuto Sese Seko. "As I understand it, the old Zaire would produce one set of notes for circulation, but a second, third, even a fourth printing with the same numbers, went to the president for his own use or to be swapped on the black market for US dollars," Mr Oaten told ZWNEWS. "This way it appeared to the IMF and World Bank that Zaire was being responsible with the amount of currency it released at any one time, but the reality was quite different," he said. "It seems that Zimbabwe may well have been doing the same thing." Tom Crompton, a US bank-note collector from Illinois, says that several dealers have turned up more than one Zimbabwe note with the same serial number. Newspapers have been printing copies of the double notes which, he says, "cause a great deal of excitement within the trade." Rumours of a double printing have abounded in Harare for some time, with speculation that one set of notes was produced for general circulation, while a second set - with the same numbers - was trucked to Zanu PF for use by the party, the army and youth militia, while some was exchanged for hard currency. Zimbabwe finance minister, Tendai Biti, has suspended all printing of Zimbabwe dollars and asked for a full audit of the Reserve Bank. |
Ads |
#2
|
|||
|
|||
(RCSD) Zimbabwe - some info for Ralphael
Zimbabwe before the mayhem http://cjoint.com/data/ferN2T7B0r.htm "Blair (TC)" wrote in message ... How much is Ralph's 100 billion dollars worth? Read on! Zanu PF in currency scandal From ZWNEWS, 30 April 2009 In every country, bank notes carry unique serial numbers which are never repeated, except, it seems, in Zimbabwe. Dealers in the USA, Germany and South Africa who sell pristine-quality paper money to collectors are turning up Zimbabwe dollar notes with duplicate numbers, especially on the $100bn "Agro-cheques" that were released last year. According to Richard Oaten, a former UN contractor who worked in the Democratic Republic of Congo, the practice of printing more that one set of currency was common under late dictator, Mobuto Sese Seko. "As I understand it, the old Zaire would produce one set of notes for circulation, but a second, third, even a fourth printing with the same numbers, went to the president for his own use or to be swapped on the black market for US dollars," Mr Oaten told ZWNEWS. "This way it appeared to the IMF and World Bank that Zaire was being responsible with the amount of currency it released at any one time, but the reality was quite different," he said. "It seems that Zimbabwe may well have been doing the same thing." Tom Crompton, a US bank-note collector from Illinois, says that several dealers have turned up more than one Zimbabwe note with the same serial number. Newspapers have been printing copies of the double notes which, he says, "cause a great deal of excitement within the trade." Rumours of a double printing have abounded in Harare for some time, with speculation that one set of notes was produced for general circulation, while a second set - with the same numbers - was trucked to Zanu PF for use by the party, the army and youth militia, while some was exchanged for hard currency. Zimbabwe finance minister, Tendai Biti, has suspended all printing of Zimbabwe dollars and asked for a full audit of the Reserve Bank. |
#3
|
|||
|
|||
(RCSD) Zimbabwe - some info for Ralphael
On May 2, 1:24*pm, "Blair (TC)" wrote:
How much is Ralph's 100 billion dollars worth? Read on! Zanu PF in currency scandal From ZWNEWS, 30 April 2009 In every country, bank notes carry unique serial numbers which are never repeated, except, it seems, in Zimbabwe. Dealers in the USA, Germany and South Africa who sell pristine-quality paper money to collectors are turning up Zimbabwe dollar notes with duplicate numbers, especially on the $100bn "Agro-cheques" that were released last year. According to Richard Oaten, a former UN contractor who worked in the Democratic Republic of Congo, the practice of printing more that one set of currency was common under late dictator, Mobuto Sese Seko. "As I understand it, the old Zaire would produce one set of notes for circulation, but a second, third, even a fourth printing with the same numbers, went to the president for his own use or to be swapped on the black market for US dollars," Mr Oaten told ZWNEWS. "This way it appeared to the IMF and World Bank that Zaire was being responsible with the amount of currency it released at any one time, but the reality was quite different," he said. "It seems that Zimbabwe may well have been doing the same thing." Tom Crompton, a US bank-note collector from Illinois, says that several dealers have turned up more than one Zimbabwe note with the same serial number. Newspapers have been printing copies of the double notes which, he says, "cause a great deal of excitement within the trade." Rumours of a double printing have abounded in Harare for some time, with speculation that one set of notes was produced for general circulation, while a second set - with the same numbers - was trucked to Zanu PF for use by the party, the army and youth militia, while some was exchanged for hard currency. Zimbabwe finance minister, Tendai Biti, has suspended all printing of Zimbabwe dollars and asked for a full audit of the Reserve Bank. Very interesting, thank you very much Blair for the up date. Maybe, just maybe my note will reach a value of 0.01 USD. Anything more on the printed lists of duplicate numbers? Ralph |
#4
|
|||
|
|||
(RCSD) Zimbabwe - some info for Ralphael
On May 14, 8:26*pm, Ralphael1 wrote:
On May 2, 1:24*pm, "Blair (TC)" wrote: How much is Ralph's 100 billion dollars worth? Read on! Zanu PF in currency scandal From ZWNEWS, 30 April 2009 In every country, bank notes carry unique serial numbers which are never repeated, except, it seems, in Zimbabwe. Dealers in the USA, Germany and South Africa who sell pristine-quality paper money to collectors are turning up Zimbabwe dollar notes with duplicate numbers, especially on the $100bn "Agro-cheques" that were released last year. According to Richard Oaten, a former UN contractor who worked in the Democratic Republic of Congo, the practice of printing more that one set of currency was common under late dictator, Mobuto Sese Seko. "As I understand it, the old Zaire would produce one set of notes for circulation, but a second, third, even a fourth printing with the same numbers, went to the president for his own use or to be swapped on the black market for US dollars," Mr Oaten told ZWNEWS. "This way it appeared to the IMF and World Bank that Zaire was being responsible with the amount of currency it released at any one time, but the reality was quite different," he said. "It seems that Zimbabwe may well have been doing the same thing." Tom Crompton, a US bank-note collector from Illinois, says that several dealers have turned up more than one Zimbabwe note with the same serial number. Newspapers have been printing copies of the double notes which, he says, "cause a great deal of excitement within the trade." Rumours of a double printing have abounded in Harare for some time, with speculation that one set of notes was produced for general circulation, while a second set - with the same numbers - was trucked to Zanu PF for use by the party, the army and youth militia, while some was exchanged for hard currency. Zimbabwe finance minister, Tendai Biti, has suspended all printing of Zimbabwe dollars and asked for a full audit of the Reserve Bank. Very interesting, thank you very much Blair for the up date. Maybe, just maybe my note will reach a value of 0.01 USD. Anything more on the printed lists of duplicate numbers? Ralph Good to see you back, my friend. I hope that your recovery is going well. Blair |
#5
|
|||
|
|||
(RCSD) Zimbabwe - some info for Ralphael
On May 14, 11:29*pm, Blair wrote:
On May 14, 8:26*pm, Ralphael1 wrote: On May 2, 1:24*pm, "Blair (TC)" wrote: How much is Ralph's 100 billion dollars worth? Read on! Zanu PF in currency scandal From ZWNEWS, 30 April 2009 In every country, bank notes carry unique serial numbers which are never repeated, except, it seems, in Zimbabwe. Dealers in the USA, Germany and South Africa who sell pristine-quality paper money to collectors are turning up Zimbabwe dollar notes with duplicate numbers, especially on the $100bn "Agro-cheques" that were released last year. According to Richard Oaten, a former UN contractor who worked in the Democratic Republic of Congo, the practice of printing more that one set of currency was common under late dictator, Mobuto Sese Seko. "As I understand it, the old Zaire would produce one set of notes for circulation, but a second, third, even a fourth printing with the same numbers, went to the president for his own use or to be swapped on the black market for US dollars," Mr Oaten told ZWNEWS. "This way it appeared to the IMF and World Bank that Zaire was being responsible with the amount of currency it released at any one time, but the reality was quite different," he said. "It seems that Zimbabwe may well have been doing the same thing." Tom Crompton, a US bank-note collector from Illinois, says that several dealers have turned up more than one Zimbabwe note with the same serial number. Newspapers have been printing copies of the double notes which, he says, "cause a great deal of excitement within the trade." Rumours of a double printing have abounded in Harare for some time, with speculation that one set of notes was produced for general circulation, while a second set - with the same numbers - was trucked to Zanu PF for use by the party, the army and youth militia, while some was exchanged for hard currency. Zimbabwe finance minister, Tendai Biti, has suspended all printing of Zimbabwe dollars and asked for a full audit of the Reserve Bank. Very interesting, thank you very much Blair for the up date. Maybe, just maybe my note will reach a value of 0.01 USD. Anything more on the printed lists of duplicate numbers? Ralph Good to see you back, my friend. I hope that your recovery is going well. Blair- Hide quoted text - - Show quoted text - Thanks Blair for the good words. Recovery is not great, OLD bones are not knitting as well as they should. I have to wait another month to get a recheck. I am comfortable wearing the leg mobilizer but feel like it is not doing the job for which it was intended. Ralph |
#6
|
|||
|
|||
(RCSD) Zimbabwe - some info for Ralphael
On May 14, 5:26*pm, Ralphael1 wrote:
Very interesting, thank you very much Blair for the up date. Maybe, just maybe my note will reach a value of 0.01 USD. See, Mugabe was missing a golden opportunity. He could have been selling sets of notes with duplicated serial numbers to the trade for more than face. Kinda like CTOs, but pricier. Wasn't it Libya that used to pay foreign workers in "rare" EFOs? -- Joshua H. McGee Sierra Madre, Los Angeles, California, USA Member: APS, ATA, ISWSC, MBPC Trade?: http://www.mcgees.org/stamp-offers/ |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
(RCSD) Zimbabwe Dollar after death | Ralphael1 | General Discussion | 5 | March 25th 09 02:41 AM |
(RCSD) Zimbabwe Inflation Update | Blair (TC) | General Discussion | 26 | July 29th 08 12:08 PM |
(RCSD) Hyperinflation getting worse in Zimbabwe | Blair (TC) | General Discussion | 13 | June 29th 08 01:39 AM |
(RCSD) Ralphael new post | [email protected] | General Discussion | 15 | November 25th 07 03:22 AM |
(RCSD) Attn: Ralphael. | Rod | General Discussion | 7 | September 16th 07 11:41 AM |