watermark logo

Up next

What Will $35 Quadrillion Zimbabwe Dollars Get You?

4 Views
vidsoo
1
Published on 07/18/19 / In News & Politics

On June 15 the Reserve Bank of Zimbabwe took the last step in the process of ditching its currency. Zimbabwe dollars will be decommissioned at a rate of 35 quadrillion per US dollar.
Any remaining Zimbabwe dollars in circulation after September 30 2015 will be officially, as opposed to practically, worthless.
Withdrawing all Zimbabwe dollar banknotes from circulation officially brings an end to the era of people carrying cash around in large bags and even wheelbarrows to do their everyday shopping.
In 2009, the end of the decade long recession saw the government adopt the US dollar as its main currency. Since then people have effectively used US dollars or South African rand in everyday life, while an increasingly small number of Zimbabwe dollars (with virtually no value) remained in circulation.

http://feeds.mashable.com/~r/M....ashable/~3/PdefnkVOP
http://www.wochit.com

This video was produced by Wochit using http://wochit.com

Show more
0 Comments sort Sort By