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Validity of Zimbabwe Currency Notes

Wednesday, October 1, 2014 23:32

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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 dollaron 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 watermarkalthough 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!

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