Talk:Zimbabwean dollar
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When Rhodesia changed its currenct to the R$ it was to the value of 10 shillings to the dollar not pound for pound like you say I lived there then George
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[edit] Redenomination plans
Anyone got any details on that? —Nightstallion (?) 20:31, 22 January 2006 (UTC)
No news from the Reserve Bank yet. However, the new Z$50,000 bearer cheques have an expiry date of 31 December 2006. (I thought that the validity of the other bearer cheques had only been extended to 30 June 2006.) Does this mean that the new currency will only take effect in 2007? By the way, Dr. Gono has said that it will be a "new currency", with a more Zimbabwean look, and not just a redenomination of the Zimbabwean Dollar. Blair 2006-02-14
The Reserve Bank issued a Z$100,000 bearer cheque on 01 June 2006 and announced a Z$1 Million bearer cheque to appear in September 2006. I have heard that they don't have enough foreign exchange to purchase banknote paper or ink for the "new currency". Blair 2006-07-05
In July, the RBZ announced that validity of all bearer cheques had been extended to 31 Dec 2006. They also announced that the "new currency" would not be introduced until inflation dropped to double digits. This does not sound like the near future to me. Blair 2006-07-20
[edit] Zimbabwe coins
For fun, I did some very rough calculations about the value of Zimbabwe coins. If we assume that a Zimbabwe 1 cent coin is the same mass as a 1 Euro cent coin, and is composed fully of steel, then its value as a legal tender coin is approximately one ten-thousandth of its value as raw steel. No wonder people prefer to use them as game tokens instead of real money... JIP | Talk 15:03, 3 February 2006 (UTC)
There are now over 400,000 Zimbabwe cents to one US cent (500,000 per one Euro cent) . Blair 2006-07-05
Here is an interesting comparison as of mid July 2006. Three friends could go out in Harare and each order a beer. The total bill would be Zim $450 thousand (about one US dollar at the parallel rate). They decide to pay the tab with 45 million Zimbabwe cents.
The weight of the coins would be 135 tons. Based on current London metal prices, the metal value of these coins would be US $351,000 . Not bad for three beers. Blair 2006-07-10
In June 2005, the RBZ anounced plans for new Z$5,000 and Z$10,000 coins. Has anyone heard or seen anything more of these coins? click for story Blair 2006-07-10
$5,000 coins, $10,000 coins?? First I've heard of it. I say like most of the RBZ proclaimations, this one got axed (perhaps because the currency decided to start the current steep downward trend on October 28th 2005. Zimbabwean 2006-7-15
[edit] Banknote images
The banknote images linked at www.banknotes.com don't seem to be there anymore.. AnonMoos 20:23, 1 June 2006 (UTC)
They renamed their files for Zimbabwe. The pointers have been amended to the new file name. Blair
[edit] Clean up with Banknotes of Zimbabwe?
There's too much redundancy with Banknotes of Zimbabwe. I suggest we merge the section into Banknotes of Zimbabwe and keep the most essential summary in Zimbabwean dollar. --Chochopk 06:02, 8 June 2006 (UTC)
This has been done. Blair
[edit] Update to this article needed NOW
It claims, currently, that the ZWN has been used since 1980; of course, what's meant is that ZWD was used from 80 till 06, and since 06 we've had ZWN. —Nightstallion (?) 12:27, 4 September 2006 (UTC)
The ISO officially announced ZWN as the new code and then withdrew it.
The RBZ could not handle a new currency, so the revalued dollar will have the same ISO code (ie ZWD).
The RBZ uses the term "revalued dollar" and not "new dollar".
The first part of the article has been rewritten to reflect these points.
Blair (10 SEP 2006)
- They couldn't handle a currency code change? Fucking incompetent, I'd call that. —Nightstallion (?) 14:10, 15 September 2006 (UTC)
[edit] Detail on change over
It says
- Also on 1 August 2006 the Government of Zimbabwe revalued the Zimbabwean dollar vs. the US dollar at a rate of 2.5 to 1. The net effect of both actions was a revaluation of the Zimbabwean dollar vs. the US dollar at a rate of 400 to 1.
I thought just before the redenom, 1 USD = 100,000 ZWD, and after the redenom, 1 USD = 250 ZWN = 250,000 ZWD. What does the so called "net effect" mean? --ChoChoPK (球球PK) (talk | contrib) 05:13, 9 September 2006 (UTC)
You are partly correct. The ISO declared then withdrew the ZWN code. It reverted to ZWD again. So, 1 USD = 250 ZWD (REVALUED) = 250,000 ZWD (OLD).
Please Note: These are the OFFICIAL exchange rates. Only the Government can buy USD from the RBZ at this price.
For most people and businesses, the parallel market still offers the USD for about revalued ZWD $650. On large volume purchases, the parallel rate is revalued ZWD $700 to $800 per USD.
Blair (10 Sept 2006)
[edit] Edit of section New currency (2005-6) and revaluation (2006)
This section was rewritten. Grammar and spelling was corrected. Blair (10 Sept 2006)
