The Reserve Bank of Zimbabwe announced its official intention that April 30, 2016, will be the final day for paying anything—anything at all—to people who turned in the now-decommissioned $100,000,000,000,000 bills, $10,000,000,000,000 bills, $1,000,000,000,000 bills, and old bills of lower denominations. That announcement: “Demonetisation of the Zimbabwean Dollar — The demonetisation of the Zimbabwe dollar which was […]
Tag: Zimbabwe
Zimbabwean explains what will happen to bank accounts larger than $175 quadrillion
The Reserve Bank of Zimbabwe, the nation’s government bank, which officially controls the nation’s money, announced an end game for the famous Zimbabwean dollars. The dollars earned an Ig Nobel Prize for the bank’s previous president, Dr. Gideon Gono. The 2008 Ig Nobel Prize for mathematics was awarded to Gideon Gono, governor of Zimbabwe’s Reserve Bank, for […]
Rumors that Ig Nobel winner Gideon Gono will be Zimbabwe’s next president
Various press outlets in Zimbabwe and neighboring countries are suggesting that Ig Nobel Prize winner Gideon Gono will be the next president of Zimbabwe, if and when Robert Mugabe, the current president, ever leaves office. Dr. Gono recently stepped down from his position as governor of Zimbabwe’s Reserve Bank. Dr. Gono was awarded the 2009 Ig Nobel Prize […]
Investment hint from Ig Nobel Prize winner Gideon Gono
Exciting investment news from Zimbabwe: Every now-nearly-worthless 100-trillion Zimbabwe dollar bill might, just might, soon be worth more than 100 trillion US dollars. Eyewitness News reports: [President Robert ] Mugabe urged people who still have worthless Zimbabwe dollars not to tear them up, as they will be compensated. Central Bank chief Gideon Gono told Mugabe […]
100-trillion-dollar bills again fuel the economy
The Associated Press reports that Zimbabwe’s 100-trillion-dollar bills are again helping fuel the nation’s economy: Visitors snap up 100 trillion Zimbabwe bank notes HARARE, Zimbabwe – Western visitors to Zimbabwe are looking for zeros. They’re snapping up old, defunct Zimbabwe bank notes, most notably the one hundred trillion Zimbabwe dollar bill, as an economic souvenir. […]