The inflation was caused by printing Zim dollars in massive quantities. The Zimbabwe bank was still printing Z$1 notes in 2007; by the end in 2008 the bank was issuing Z$100,000,000,000,000 notes in vast quantities. Z$200,000,000,000,000 notes were ordered from the German banknote printing company but the printers would not print them until paid in full in advance in hard currency (Euros, US dollars, etc.) Economic crises do not cause paper money to magically appear out of nowhere - they must be manufactured (printed). BobTrent@bobmail.info
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Zim dollars is short for Zimbabwe Dollars. That currency has practically no value due to inflation cause by political crisis on their country.
Thanks. I guess that explains why someone might be inclined to use it in this place. :)
The inflation was caused by printing Zim dollars in massive quantities. The Zimbabwe bank was still printing Z$1 notes in 2007; by the end in 2008 the bank was issuing Z$100,000,000,000,000 notes in vast quantities.
Z$200,000,000,000,000 notes were ordered from the German banknote printing company but the printers would not print them until paid in full in advance in hard currency (Euros, US dollars, etc.)
Economic crises do not cause paper money to magically appear out of nowhere - they must be manufactured (printed).
BobTrent@bobmail.info
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