Discussion in 'Chit Chat' started by LucaMs, Jun 12, 2015.
I should get a bunch of these, lets say $20 USD worth of Zimbabwean Dollars, go to the club and make it rain!
I'm. Dead. Serious.
By the time you cash the check it will become two billion
if you think about it you can maybe make big money.
some countries because of war they have big inflation so if you buy today their money there could be 2 option or after the war is over this money will be worth a lot more then you have pay or the country will change his currency and you lose everything.
for example iraq, syria, and countries in africa. i know people that bought millions of iraq dinar (cost few $) but one day the money could be worth a lot!!!
think about it, it is worth to invest on it about 100$ ... (=119043.37 iraq dinar) in 1973 1 Dinar = US$3.3778
if this will be back then you will make from 100$ = 401174 $
Zimbabwe dollar is good for money collection. In my country they sell it about 10 USD/note. Good business huh?
This an economic fenomenon called Galloping inflation, the problem is that the currency devaluates in relation of other foreign currencies (goods becomes scarce and costly) . the currency in fact never recovers its value.
To afront these situations government offers higher value bills, of course no body wants it but as a souvernirs as stated above.