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-   -   Do you want to be a millionare? (http://www.njfboa.org/forums/showthread.php?t=39190)

Tsar 12-04-2008 06:09 PM

Do you want to be a millionare?
 
Well do you?



If you go to Zimbabwe and exchange 50 US cents you can be one! 231000000% inflation FTW!




Discuss.

sweetbmxrider 12-04-2008 07:37 PM

wtf? why? i just checked it on the currency calculator too :shrug:

Quote:

Originally Posted by http://www.oanda.com/convert/classic
Friday, December 5, 2008

1 US Dollar = 88,829.2 Zimbabwe Dollar
1 Zimbabwe Dollar (ZWD) = 0.00001126 US Dollar (USD)

Median price = 88,781.5 / 88,829.2 (bid/ask)
Minimum price = 88,348.0 / 88,395.0
Maximum price = 89,190.0 / 89,238.0

FXConverter - Currency Converter for 164 Currencies164 Currency Converter © 1997-2008 by OANDA.com.

wait does everything cost trillions of dollars? or did a nuke just go off there?

NJSPEEDER 12-04-2008 07:43 PM

If you believe that the Zimbabwe dollar will gain value against the US dollar by even a small margin, you could make out from it.

Tsar 12-04-2008 07:46 PM

Quote:

Originally Posted by sweetbmxrider (Post 519032)
wtf? why? i just checked it on the currency calculator too :shrug:



wait does everything cost trillions of dollars? or did a nuke just go off there?

They love the printing press!

Quote:

Originally Posted by NJSPEEDER (Post 519047)
If you believe that the Zimbabwe dollar will gain value against the US dollar by even a small margin, you could make out from it.

That would be a great deal, although I do not believe that will happen.

LTb1ow 12-04-2008 07:48 PM

Quote:

Originally Posted by Tsar (Post 519049)
They love the printing press!


Sounds familiar...

Knipps 12-04-2008 10:40 PM

I've got mine


http://www.bhatt.id.au/blogimg/inflation-zimbabwe.jpg

Tsar 12-05-2008 10:17 AM

Quote:

Originally Posted by Knipps (Post 519126)

That money looks worse than monopoly money. I guess good paper is expensive...

HardcoreZ28 12-05-2008 12:50 PM

I thought they still used shiny rocks as currency??

NJSPEEDER 12-05-2008 01:42 PM

Quote:

Originally Posted by http://www.oanda.com/convert/classic
Friday, December 5, 2008

1 US Dollar = 88,829.2 Zimbabwe Dollar
1 Zimbabwe Dollar (ZWD) = 0.00001126 US Dollar (USD)

Median price = 88,781.5 / 88,829.2 (bid/ask)
Minimum price = 88,348.0 / 88,395.0
Maximum price = 89,190.0 / 89,238.0

FXConverter - Currency Converter for 164 Currencies164 Currency Converter © 1997-2008 by OANDA.com.

For under $11.50 you can have a million Zimbabwe bucks. lol

BonzoHansen 12-05-2008 01:44 PM

That's nice, but worthless. I've been working on a deal with some nice fellas from Nigeria.

Tsar 12-05-2008 01:56 PM

Quote:

Originally Posted by NJSPEEDER (Post 519239)
For under $11.50 you can have a million Zimbabwe bucks. lol

Damn it, either the interwebs lied to me or that is an old conversion rate.

Hm.. can't find the original article that I got the info from, but here's an interesting read http://www.telegraph.co.uk/news/worl...-per-cent.html

Quote:

Originally Posted by BonzoHansen (Post 519240)
That's nice, but worthless. I've been working on a deal with some nice fellas from Nigeria.

Oh I know those guys, they are legit! You should do business with them all the time, they can make you rich!!!

BonzoHansen 12-05-2008 02:00 PM

lol

Knipps 12-05-2008 02:11 PM

Quote:

Originally Posted by NJSPEEDER (Post 519239)
For under $11.50 you can have a million Zimbabwe bucks. lol

1,000,000 ZWD = 9.61 USD as of 12/5/2008
http://www.exchange-rates.org/Rate/ZWD/USD

You too can be a millionaire overnight!

BonzoHansen 12-05-2008 02:23 PM

Quote:

Originally Posted by Knipps (Post 519251)
1,000,000 ZWD = 9.61 USD as of 12/5/2008
http://www.exchange-rates.org/Rate/ZWD/USD

You too can be a millionaire overnight!

LOL, the transaction fee at the bank would be a lot more. :-P

Tsar 12-05-2008 02:35 PM

wtf, interwebs lied to me!! it's suppose to be 50 cents per million! Whiskey Tango Foxtrot!?

Tsar 12-06-2008 10:17 AM

Quote:

Originally Posted by Knipps (Post 519126)

Actually scratch my first response. I will counter your measly 50 billion dollar bank note with this bad boy!

http://www.optionsatoz.com/Portals/0...37;20dinar.jpg
500 Billion obviously, this is the largest currency ever printed, in terms of depicting zeros on it.

But if I was to go all out and flat out decapitate your measly 50 billion I would pull out one of these!
This is from post war Hungary, it was doesn't have any numbers on it but it is worth 10 to the 21 power pengos or 1,000,000,000,000,000,000,000 or 1 Sextillion pengos!
http://bankjegy.szabadsagharcos.org/...ury/p137_f.jpg

Just to put it into scale it's Million > Billion > Trillion > Quadrillion > Quintillion > Sextillion.

Check mate :lol:

P.S. Inflation in Hungary was so high that prices doubled every 14 hours!

sweetbmxrider 12-06-2008 10:48 AM

i've got 2 pesos :-P

http://www.europajewelers.com/images...an_2_Pesos.jpg

Knipps 12-06-2008 11:12 AM

Quote:

Originally Posted by sweetbmxrider (Post 519621)
i've got 2 pesos :-P

your point? The Euro comes in a 2 dollar coin too. Go use your pesos and buy a cookie.

sweetbmxrider 12-06-2008 11:56 AM

i wish i could :sad:

Tsar 01-16-2009 07:05 PM

Bringing this back for a worth update! you can now have 100 TRILLION for a measly 30 dollars! WOOO!

http://news.bbc.co.uk/2/hi/africa/7832601.stm

sweetbmxrider 01-16-2009 08:37 PM

:drool: hyperinflation

ryanfx 01-16-2009 10:31 PM

yeah but that's not really relevant to a point... a loaf of bread there costs between 16-20 million zimbabwe dollars... lol

BigAls87Z28 01-16-2009 10:52 PM

Sounds like goverment spending! 2 million dollars on a toilet seat!!

Tsar 01-17-2009 07:44 AM

Quote:

Originally Posted by ryanfx (Post 535099)
yeah but that's not really relevant to a point... a loaf of bread there costs between 16-20 million zimbabwe dollars... lol

I know that, but that doesn't change the fact that everyone is a millionaire in there! :lol:


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