175 Quadrillion Zimbabwean Dollars Now Equals 0.02164502 BTC

[dKingston]

hyperinflation = yet another reason to adopt bitcoin for national government currency

[1714840791]

1714840791

[1714840791]

1714840791

[bryant.coleman]

Actually Zimbabwe is the most poor population country in the Africans zone..

That is not true. There are countries in Africa, which are even poorer when compared to Zimbabwe, Mali for example. Zimbabwe still receive sizable remittances from migrants working in South Africa and Botswana.

Someone told them 30% people stay out of Zimbabwe whom are majority person refugees and more then half of them population under normal protein.

Will agree with that. More than 30% of the population has fled to the neighboring countries, mostly for economic reasons.

[tokeweed]

Dogecoin is more valuable. 

[prodigy8]

The central bank says citizens have until September to exchange their remaining quadrillions of local dollars for a few greenbacks.

[tolikkk]

1000000000000000000000000000000000000000000000000000000000000000000000000000

[shulio]

I think Zimbabwae should consider adopting crypto instead of printing that much money

Well I dont think that they are printing alot of money because they only need to add more zero on their money like may be a piece of paper written 1billion Zimbabwean $ .

hyperinflation = yet another reason to adopt bitcoin for national government currency

Zimbabwe will be unable to adopt crypto currency. Their country are so poor and most of the population are suffering from the lack of protein. I have a doubt that 50 % of their population even have a knowledge to operate a computer or know about it. This is another problem on why crypto isnt suitable to be adopted

[bryant.coleman]

Zimbabwe will be unable to adopt crypto currency. Their country are so poor and most of the population are suffering from the lack of protein. I have a doubt that 50 % of their population even have a knowledge to operate a computer or know about it. This is another problem on why crypto isnt suitable to be adopted

Zimbabwe can adopt a multi-currency regime, in which fiat currencies such as the US Dollar, Euro, Renminbi, and the South African Rand is allowed along with crypto-currencies such as Bitcoin. And although Zimbabwe is a very poor country (by Western standards), up to 20% of the population have access to smartphones.

[manselr]

I think Zimbabwae should consider adopting crypto instead of printing that much money

Well I dont think that they are printing alot of money because they only need to add more zero on their money like may be a piece of paper written 1billion Zimbabwean $ .

hyperinflation = yet another reason to adopt bitcoin for national government currency

Zimbabwe will be unable to adopt crypto currency. Their country are so poor and most of the population are suffering from the lack of protein. I have a doubt that 50 % of their population even have a knowledge to operate a computer or know about it. This is another problem on why crypto isnt suitable to be adopted

The government could save tons of resources by adopting the perfect, infallible automatic ledger that Bitcoin is, all of the banking infrastructures which need tons of money to be operative are gone, which then could be re-invested in teaching people and giving them basic phones for business (Bitcoin is operative under SMS technology) to allow for progress. It COULD be done, but the government is not going to do shit about it because its most likely not on their interest.

[BrannigansLaw]

Zimbabwean Dollars to the moon! ┗(°0°)┛ ..○

[Hollingsworth]

Zimbabwe is so poor, their official alt coin is divisible by 1 million decimal places.

[EternalWingsofGod]

The central bank says citizens have until September to exchange their remaining quadrillions of local dollars for a few greenbacks.

The question is how many pieces of paper would you need to even get a few greenbacks
Honestly if they had a PC they would make a killing online selling them on ebay + shipping.

(Sell them for $8-50 Canadian on ebay.ca or $4-50 US on ebay.com)

From Ebay

Zimbabwe 100 Trillion Dollars Banknotes,AA /2008,UNC,50 & 100 Trillion Series

FREE Shipping With Tracking, USA Based Seller
C $43.10
 Buy It Now
 +C $2.45 shipping   


3794 sold

3794*43.10 = $163,521 dollars sold for the low price price of $11 + Shipping

http://www.bloomberg.com/news/articles/2015-06-11/zimbabwe-officially-removes-local-currency-from-circulation

[sukamasoto]

175 Quadrillion Zimbabwean Dollars Now Equals $5

HARARE, Zimbabwe — Zimbabweans will start exchanging quadrillions of local dollars for a few U.S. dollars next week, as President Robert Mugabe's government discards its virtually worthless national currency.

Well it was very low value compare with US dollar,etc.
I wonder if I have 175 Quadrillion Zimbabwean Dollars , what can I bought if I'm on Zimbabwean ? Am I categorized as rich people on Zimbabwean ?

[jayce]

175 Quadrillion Zimbabwean Dollars Now Equals $5

HARARE, Zimbabwe — Zimbabweans will start exchanging quadrillions of local dollars for a few U.S. dollars next week, as President Robert Mugabe's government discards its virtually worthless national currency.

Well it was very low value compare with US dollar,etc.
I wonder if I have 175 Quadrillion Zimbabwean Dollars , what can I bought if I'm on Zimbabwean ? Am I categorized as rich people on Zimbabwean ?

I don't think so. Hyperinflation can make price of money drop alot, but not to cost of living. You can check it what can you buy with your 175 quadrillion zimbabwean dollars http://www.numbeo.com/cost-of-living/country_result.jsp?country=Zimbabwe


I guess the banks in Zimbabwe was built to be larger than bank in other country, or people there made a bunker to save their money in home

[Amph]

Zimbabwe is so poor, their official alt coin is divisible by 1 million decimal places.

you are joking, but i think that zinbabwe could actually benefit from any altcoin, they could start pumping some of those death coins, and take more profit than their toilet paper

are they technological advanced enough, because it is strange that they are not interested in crypto currency, any poor state should turn its attention to bitcoin or atlcoin at least

[vrm86]

Zimbabwe is so poor, their official alt coin is divisible by 1 million decimal places.

you are joking, but i think that zinbabwe could actually benefit from any altcoin, they could start pumping some of those death coins, and take more profit than their toilet paper

are they technological advanced enough, because it is strange that they are not interested in crypto currency, any poor state should turn its attentionto bitcoin or atlcoin at least

Even if it could be smart solution per se, especially as a base of monetary system, there is a serious problem: what distribution among the citizens would look like? Even if everyone gets public keys printed on paper, they will need a possibility of quick verification at any time.

[Amph]

Zimbabwe is so poor, their official alt coin is divisible by 1 million decimal places.

you are joking, but i think that zinbabwe could actually benefit from any altcoin, they could start pumping some of those death coins, and take more profit than their toilet paper

are they technological advanced enough, because it is strange that they are not interested in crypto currency, any poor state should turn its attentionto bitcoin or atlcoin at least

Even if it could be smart solution per se, especially as a base of monetary system, there is a serious problem: what distribution among the citizens would look like? Even if everyone gets public keys printed on paper, they will need a possibility of quick verification at any time.

they could start with signing message, each address belongs to one entity, so it should be a good way to prevent abuse

you can add then maybe a video for a more proof that you actually own that address, with your nickname added there

[bryant.coleman]

The question is how many pieces of paper would you need to even get a few greenbacks
Honestly if they had a PC they would make a killing online selling them on ebay + shipping.

There is a huge demand for 100 trillion Zimbabwe Dollars in Ebay and other online shopping websites. But unfortunately, the ordinary Zimbabweans will be unable to profit from them, as I don't think that Ebay accepts vendors from Zimbabwe. Most of the sellers in Ebay are either from Western nations such as the United States or the United Kingdom, or from neighboring countries such as South Africa or Botswana.

[RealBitcoin]

Zimbabwe is so poor, their official alt coin is divisible by 1 million decimal places.

you are joking, but i think that zinbabwe could actually benefit from any altcoin, they could start pumping some of those death coins, and take more profit than their toilet paper

are they technological advanced enough, because it is strange that they are not interested in crypto currency, any poor state should turn its attention to bitcoin or atlcoin at least

They are using gold as payment. (not to praise gold bugs), however gold indeed is performing well in these situations.

However if the western world falls, bitcoin will be much more usable, since we got internet here.

Perhaps a zimbabwe designed altcoin could also help them, if they would get the infrastructure (radio,phone,internet) done.

[edric]

It must be very disappointing for the people of Zimbabwe. It will bring so much of troubles for them. I wonder how many of them will be able to switch US dollars as the price of it is beyond their wildest of imaginations.

[bitnanigans]

I've always found it amusing and fascinating how the Zimbabwean currency lost so much of its value.