Guest Aidan Work Posted March 25, 2007 Report Share Posted March 25, 2007 But was Mugabe always like this? Somebody told me when he first got in power he wasn't that bad. Now he's just a despot who needs shooting Johnny,Mugabe was a mass murderer even prior to 1980.Ian Smith was right.His regime left Rhodesia with a very strong economy.Ordinary black Rhodesians didn't starve. Mugabe,on the other hand,portrayed himself as a liberator.He was the one who brought both Rhodesia down,& the economy is down the pan.I can understand why more than a quarter of the population of that deeply troubled country have fled. Zimbabwe will need to have a lot of support from the international community once Mugabe's gone.I can guess that Zimbabwe will be returned to its British Commonwealth membership. If the British had taken a much firmer line against Ian Smith,who knows,there could have been an independent Dominion of Rhodesia still existing today,albeit,recognised as a fully independent British Commonwealth member state under the Crown.Mugabe should have been shot years ago! Aidan. Link to comment Share on other sites More sharing options...
Johnny 1989 Posted March 26, 2007 Report Share Posted March 26, 2007 Johnny,Mugabe was a mass murderer even prior to 1980.Ian Smith was right.His regime left Rhodesia with a very strong economy.Ordinary black Rhodesians didn't starve. Mugabe,on the other hand,portrayed himself as a liberator.He was the one who brought both Rhodesia down,& the economy is down the pan.I can understand why more than a quarter of the population of that deeply troubled country have fled. Zimbabwe will need to have a lot of support from the international community once Mugabe's gone.I can guess that Zimbabwe will be returned to its British Commonwealth membership. If the British had taken a much firmer line against Ian Smith,who knows,there could have been an independent Dominion of Rhodesia still existing today,albeit,recognised as a fully independent British Commonwealth member state under the Crown.Mugabe should have been shot years ago! Aidan. Thanks for the info, I never realised he was always a murdering b*stard. I think Rhodesia was one of the African nations that gain independance too quickly (they were ill prepared for it). They were at first known as Rhodesia when they took unofficial independance, is that correct? The Zimbabwe name has only been around since 1980 I believe Link to comment Share on other sites More sharing options...
San_Miguel98 Posted March 26, 2007 Report Share Posted March 26, 2007 i was looking around for the higher denominations of this newest release...but no luck. i saw only one new $100,000 note on e-bay, but it was a buy-it-now for $400! that can't be right... how rare are those things? Link to comment Share on other sites More sharing options...
Scottishmoney Posted March 26, 2007 Report Share Posted March 26, 2007 Thanks for the info, I never realised he was always a murdering b*stard. I think Rhodesia was one of the African nations that gain independance too quickly (they were ill prepared for it). They were at first known as Rhodesia when they took unofficial independance, is that correct? The Zimbabwe name has only been around since 1980 I believe Rhodesia declared it's independence in 1966, and as noted above was not nearly ready for independence. Britain and many other nations did not recognise independence of Rhodesia, basically the Rhodesian government closely followed what was going on in South Africa at the time. However the time was up in 1980, and the white led government could not hold onto power any longer and Mugabe came in. So what was a white minority government that was oppressive became a black majority government that was you guessed it ~oppressive and even worse than the white government. At least the white government only oppressed the black majority, but the Mugabe government now oppresses not just the whites, but also the blacks and anyone else that doesn't tow his nut filled line. Link to comment Share on other sites More sharing options...
Guest Aidan Work Posted March 26, 2007 Report Share Posted March 26, 2007 Here's an article about Rhodesia; http://en.wikipedia.org/wiki/Rhodesia . Aidan. Link to comment Share on other sites More sharing options...
Johnny 1989 Posted March 26, 2007 Report Share Posted March 26, 2007 Here's an article about Rhodesia; http://en.wikipedia.org/wiki/Rhodesia . Aidan. It went through many names over the years: South Zambezia until 1895 Rhodesia 1895-1901 Southern Rhodesia 1901-1953 Federation of Rhodesia and Nyasaland 1953-31st December 1963 ("merger" of South Rhodesia, North Rhodesia & Nyasaland) Rhodesia 1964-31st May 1979 ("de-merger of the three forementioned nations) Zimbabwe-Rhodesia 1st June 1979-12th December 1979 Rhodesia 13th December 1979 - February 1980 Zimbabwe February 1980-??? Does this mean a return to the name Rhodesia (highly unlikely) Also on a banknote related subject (seeing as what this thread originally was the start of): Banknote of Federation of Rhodesia & Nyasaland Image courtesy of Wikipedia Link to comment Share on other sites More sharing options...
Ro.7 Posted May 19, 2007 Author Report Share Posted May 19, 2007 inflation rockets to 3714 % next new banknotes are sure Link to comment Share on other sites More sharing options...
Ro.7 Posted August 1, 2007 Author Report Share Posted August 1, 2007 last but not least a new 200 000er banknote De centrale bank van Zimbabwe maakte dinsdag bekend een nieuw bankbiljet van 200.000 Zimbabwaanse dollar in omloop te brengen om de bevolking van het zuidelijke Afrikaanse land te helpen om te gaan met de hyperinflatie. De waarde van het nieuwe biljet bedraagt volgens de officiële wisselkoers 800 Amerikaanse dollar. Op de zwarte markt is het bankbiljet slechts 1,40 dollar waard. http://www.volkskrant.nl/economie/article4...100.000_procent Link to comment Share on other sites More sharing options...
Ro.7 Posted August 3, 2007 Author Report Share Posted August 3, 2007 and a new 500 000er is coming soon Harare mulls new $500 000 bearer note print friendly version author/source:Zim Online (SA) published:Mon 30-Jul-2007 posted on this site:Mon 30-Jul-2007 Article Type : News Inflation-hit Zimbabwe is considering introducing a Z$500 000 bearer cheque By Thulani Munda Harare - Inflation-hit Zimbabwe is considering introducing a Z$500 000 bearer cheque note as the country's currency continues on its free-fall, Zim Online has learnt. Sources within Zimbabwe's central bank said the new note together with another new Z$200 000 bearer cheque, could be introduced any time soon. "The $200 000 note could be introduced anytime from now, although the idea was to have the two new notes launched together," a government source said. "The problem is that some senior officials within government are not keen to have the Z$500 000 note insisting this would an admission that things are not well in this country," he added. Zimbabwe's current highest denomination is the Z$100 000 bearer cheque, which, on the official foreign currency market, can only buy four loaves of bread. Finance Minister Samuel Mumbengegwi could not be reached for comment on the matter yesterday. Zimbabwe is battling a severe economic crisis that has manifested itself in the world's highest inflation rate of nearly 5 000 percent. In addition to rampant inflation, the southern African country is also grappling with unemployment of around 80 percent, food shortages and just about every other survival commodity. Western governments and the main opposition Movement for Democratic Change (MDC) party blame the crisis on repression and bad policies by President Robert Mugabe, in power over the past 27 years. Bearer cheques are promissory notes first were introduced by the central bank at the height of cash shortages four years ago. Bearer cheques are used in the same way as money. http://www.zwnews.com/issuefull.cfm?ArticleID=17085 Link to comment Share on other sites More sharing options...
Ro.7 Posted October 30, 2007 Author Report Share Posted October 30, 2007 Good messages Simbabwe receives a currency reform with new notes to the year end Zimbabwe to unveil new currency by year-endPosted Tue Oct 2, 2007 6:44am AEST A new currency is to be unveiled in Zimbabwe by year-end in a fresh bid to rein in galloping inflation, the central bank chief has said. "It is over a year since we launched Operation Sunrise One which saw the slashing of three zeros" off the country's currency, Bank of Zimbabwe governor Gideon Gono said in his mid-term monetary policy review statement. "Speculation and expectation have been high about when Operation Sunrise Two is coming. Indeed, I can confirm that Sunrise Two is coming and it is coming very soon." He warned businesses and individuals from keeping huge sums of money saying that they would risk losing their money as the central bank will impose strict deposit thresholds during the changeover to the new currecy. Gono said the new currency to replace the current series of bearer cheques which have a short lifespan would be introduced before the end of the year. Zimbabwe is in the throes of economic crisis characterised by world-record inflation at 6,592 per cent, shortages of basic foodstuffs like sugar and cooking oil and mass unemployment. "I never thought we would get to this level but I am not scared," said Mr Gono. In June, Minister of Trade Obert Mpofu ordered businesses to halve the prices of goods accusing businesses of fuelling inflation and working in conjunction with President Robert Mugabe's foes in the West. Mr Gono also warned over "dangers" in a bill approved last week by the legislators which allows locals a majority stake in foreign-owned firms - a move the opposition warned could further batter the economy. "As monetary authorities we fully support the noble objective of empowering the majority of the Zimbabweans through the introduction of enabling statutes that expand wider involvement for the people in the mainstream economy." "Noble as this objective is, our well considered advice to legislators and the government in general is that a fine balance should be struck between the objectives of indigenisation and the need to attract foreign investment," he said. -AFP http://www.abc.net.au/news/stories/2007/10/02/2048352.htm Link to comment Share on other sites More sharing options...
Ro.7 Posted December 20, 2007 Author Report Share Posted December 20, 2007 NEW higher-value Z$750,000, Z$500,000 and Z$250,000 bills would start circulating on Thursday RBZ introduces higher denomination bank notes -------------------------------------------------------------------------------- • Zimbabwe to launch new currency before Christmas -RBZ • Zimbabwe's trillion dollar house and billion dollar bed • Biti: 2008 budget - playing blind man's buff with the economy • Finance minister predicts 2008 growth • Zimbabwe can't calculate inflation • Full text of RBZ governor's speech on launch of Sunrise 2 • New Zimbabwe currency imminent • Zimbabwe's inflation doubles to 14850% • RBZ shelves plans for new currency • Timeline: Zimbabwe's economic decline • Zimbabwe's inflation sets new record • Zimbabwe secures US$200m credit facility • Zimbabwe mulls new currency • Zimbabwe's inflation slows by 1000% • Zim levies duty in forex for underwear imports • Zim devalues currency, raises tax free threshold • Zimbabwe's inflation rockets to 7 634% • RBZ unveils $200,000 dollar bill • Gary Rusike: Should Zimbabwe adopt the rand? By MacDonald Dzirutwe Last updated: 12/19/2007 23:30:45 ZIMBABWE'S central bank on Wednesday announced the introduction of higher denomination banknotes to help end a cash crunch that has seen people besiege banks. Central bank governor Gideon Gono announced in a televised speech that the Z$200,000 bill -- currently the highest value note and equivalent to $6.66 at the official rate and $0.12 on the widely used black market -- would be phased out by Jan. 1. Gono said higher-value Z$750,000, Z$500,000 and Z$250,000 bills would start circulating on Thursday in an attempt to end cash shortages that have forced some people to sleep outside banks in the hunt for cash amid a severe economic crisis blamed on President Robert Mugabe's policies. Critics say the new banknotes will do little to address the causes of Zimbabwe's economic slide, which include the world's highest inflation rate, acute shortages of foreign currency, food and fuel, and unemployment of nearly 80 percent. Gono said the Z$200,000 note was the most used by illegal dealers. He said individual depositors would not be allowed to bank more than Z$50 million and any excess funds would be forfeited to the government. All banks would from Thursday be manned by government officials to monitor cash deposits. "The cash shortages will be a thing of the past. Within the next few days there will be sufficient cash to go about our business," Gono said. Tempers have been fraying more than usual in recent days as Zimbabweans have crowded into banks in search of cash, which is in short supply ahead of the Christmas holiday. Gono said he had refused calls by the business sector to lop zeros off the Zimbabwe dollar to make life easier for shoppers, who now must carry piles of cash to make even simple purchases. The Reserve Bank of Zimbabwe chief again accused senior government and business officials of being the brains behind a flourishing illegal parallel market in foreign currency, fuel, diamonds and gold. Gono said the stringent deposit requirements would expose the "cash barons" and that there would be a "serious clean-up" of banks he accused of working with illegal dealers to siphon cash out of the banking system. When challenged in an interview after his televised speech to name the officials involved in illegal activities, Gono said he would divulge the information to parliament if asked. "I will be happy to name some of these cash barons before a parliamentary committee. If they (parliamentary committee) have got the guts, I will give them a full house." - Reuters http://www.newzimbabwe.com/pages/inflation178.17315.html Link to comment Share on other sites More sharing options...
Ro.7 Posted December 22, 2007 Author Report Share Posted December 22, 2007 Security features for the new bearer Cheque´s and many elephant´s http://www.rbz.co.zw/pdfs/bearer.pdf Link to comment Share on other sites More sharing options...
Dave Posted December 22, 2007 Report Share Posted December 22, 2007 Security features for the new bearer Cheque´s and many elephant´s http://www.rbz.co.zw/pdfs/bearer.pdf Hm. Protecting something with that's not worth protecting - a novel idea. It's probably a scam where they charge more for the security features than they're worth, and simply pocket the profits. I'd like to hear their official explanation for their worries on these being counterfeited. I also wonder if they are all printed with the 500 dollar watermark like their 'small change' notes were. I have to admit it was odd finding those, but when they're worthless, then I guess it doesn't matter what they're printed on. At least we can laugh about it. The poor folks who have to actually have to use these notes aren't, I'm sure. Link to comment Share on other sites More sharing options...
Ro.7 Posted January 17, 2008 Author Report Share Posted January 17, 2008 and again......... new bearer Cheque´s 16/01/2008 15:40 HARARE, Jan 16 (AFP) Zimbabwe to introduce more new notes New bank notes, including a 10 million dollar bill, will go into circulation in inflation-ravaged Zimbabwe this week, the central bank's governor said on Wednesday. Less than a month after announcing a similar move, Gideon Gono said the new notes would provide much needed relief to consumers who often have to go shopping with sacks of cash. "With effect from Friday (January 18), the Reserve Bank of Zimbabwe is releasing the following bearer cheques into circulation: one million dollars (officially worth about 33 US dollars/22 euros), five million dollars and 10 million dollars," Reserve Bank Governor Gono told a news conference. "Further to provide relief and convenience to the transacting public, daily cash withdrawals have been increased from the current 50 million zimdollars to 500 million per individual. This takes effect from Friday," he said. Last December 19, Gono announced the immediate introduction of higher denominations of banknotes in a bid to tackle cash shortages fed by runaway inflation. The following day, 250,000, 500,000 and 750,000 zimdollar notes officially came into circulation. Gono had expressed hope at the time that the new notes would mean "cash shortages will be a thing of the past" but they continued unabated. The southern African country is gripped by an economic crisis, characterised by the world's highest rate of inflation officially put at around 8,000, shortages of basic foodstuffs such as cooking oil, and mass unemployment. "As monetary authorities we once again assure the nation that we are in full control of the currency situation in the country and it is never our intention, nor is it part of our philosophy, to cause unnecessary pain to fellow Zimbabweans," Gono told reporters. "In this regard, the central bank will continue to formulate and implement tangible solutions to the challenges that the financial sector is currently facing for the benefit and convenience of the public." The bank governor said the situation was being exacerbated by what he termed as "indiscipline" and corruption. Speculation "has become endemic in our country and this is now disrupting the free circulation of cash in the economy". "There is growing evidence that part of what we see as cash queues at banks is partly an indication of inflated demand for cash as some depositors have developed a perpetual habit of withdrawing their entire savings even if they have no immediate need for cash," he added. Link Link to comment Share on other sites More sharing options...
Johnny 1989 Posted January 18, 2008 Report Share Posted January 18, 2008 My word, someone needs to get rid of that despot NOW! Just truley shock, could we eventually see a note bigger than Yugoslavia's 500Billion Dinar note Link to comment Share on other sites More sharing options...
Ro.7 Posted January 19, 2008 Author Report Share Posted January 19, 2008 Most humans accept their fate Link to comment Share on other sites More sharing options...
Ro.7 Posted January 26, 2008 Author Report Share Posted January 26, 2008 by the way, new bearer Cheque´s again 1 000 000 5 000 000 10 000 000 Link to comment Share on other sites More sharing options...
Ro.7 Posted April 6, 2008 Author Report Share Posted April 6, 2008 again, new bearer Cheque´s ZIMBABWE $50000000 NEW 2008 50 MILLION$ ZIMBABWE $25000000 NEW 2008 25 MILLION$ look eBay... Zimbabwe gets $50 million bank noteThe Associated Press Tsvangirayi Mukwazhi An unidentified man holds the new $50 million Zimbabwean dollar note introduced by the Reserve Bank of Zimbabwe in Harare, Friday, April, 4, 2008. In a desperate attempt to stabilize the faltering economy, Zimbabwean authorities on Friday introduced a new $50 million bank note, state media reported. The new note is worth one American dollar at the widely-used black market trading and can buy just three loaves of bread. How much does it cost for a loaf of bread in Zimbabwe? With inflation raging at more than 100,000 percent, a loaf costs 16 million Zimbabwe dollars. Now, Zimbabweans can buy three loaves with only one bank note. Authorities on Friday introduced a new 50 million bank note, state media reported. The new Zimbabwe dollar note is worth $1 at the widely used black market trading and can buy just three loaves of bread. It was the third time in three months that the nation's central bank issued a higher denomination note in response to record inflation. (This version corrects price of bread to 16 million Zimbawean dollars, not 50 million.) Join the discussion Share your observations and experiences about news. Lively, open debate is the goal, but please refrain from personal attacks or comments that are racist, vulgar or otherwise inappropriate. If you see an inappropriate comment, please click the "Report as violation" link to notify a KansasCity.com editor. Thanks for your feedback. Link to comment Share on other sites More sharing options...
Ro.7 Posted May 1, 2008 Author Report Share Posted May 1, 2008 good message, new banknotes coming soon look RBZ eases foreign exchange rulesBy MacDonald Dzirutwe Last updated: 04/30/2008 17:59:18 ZIMBABWE'S central bank eased foreign exchange rules on Wednesday, allowing commercial banks to set the currency rate to help thwart a thriving parallel black market. The southern African country is in economic meltdown with official inflation at 165,000 percent, unemployment of more than 80 percent and consumers facing chronic shortages of food, fuel and foreign currency. Reserve Bank of Zimbabwe Governor Gideon Gono said the country would move away from the current fixed exchange rate to a willing-buyer, willing-seller policy. "Under this framework, authorised dealers will match sellers and buyers of foreign exchange guided by a pre-determined priority list as set from time to time by the Reserve Bank," he said in a monetary policy speech. The top priorities would be food and agriculture inputs. Currently, the official rate is Z$30,000 to the dollar, while the national revenue authority uses a rate of Z$270,000. It trades as high as Z$190 million on the black market. John Mangudya, head of the Bankers Association of Zimbabwe: "We (banks) get to set the rate because this is on a willing buyer, willing seller basis." "If the central bank tries to set the rate then there will be no willing seller," Mangudya said, adding he hoped to meet with the Reserve bank on Friday to get more detail on the new policy. Gono also announced that the main lending rate would increase to 4,500 percent from 4,000 percent and vowed to tame rocketing inflation. "We remain committed as ever before to tame this dragon. This dragon cannot be allowed to continue and we will be dealing a decisive blow to its existence," he said, without giving further details. Zimbabwe's inflation is the highest in the world. The policy changes come amidst a political crisis over a delay in announcing presidential election results. Opposition leader Morgan Tsvangirai has said he won the March 29 election outright and accuses President Robert Mugabe of delaying the result to rig victory. - Reuters Link to comment Share on other sites More sharing options...
Ro.7 Posted May 6, 2008 Author Report Share Posted May 6, 2008 and there you go again................ "The Reserve Bank of Zimbabwe's governor Gideon Gono has unveiled a new 100 million and 250 million dollar... note and this will be in circulation starting tomorrow (Tuesday)," Look Reserve Bank unveils $250 million note Last updated: 05/05/2008 21:42:05 ZIMBABWE'S central bank, currently grappling with record-breaking inflation, has introduced a new high-denomination bank note of a quarter of a billion dollars, state television reported Monday. "The Reserve Bank of Zimbabwe's governor Gideon Gono has unveiled a new 100 million and 250 million dollar... note and this will be in circulation starting tomorrow (Tuesday)," reported state television. The report said the new note was for "the convenience of the banking public and the corporate sector." This is the second set of high denomination notes to be issued this year, the last on April 2 when a 50 million dollar note was put into circulation after the introduction of a Z$10 million note in January. Last December 19, Gono announced the immediate introduction of higher denominations of banknotes in a bid to tackle cash shortages fed by runaway inflation. The following day, Z$250,000, Z$500,000 and Z$750,000 notes officially came into circulation. The southern African nation, currently gripped by a post-election crisis, has been ravaged by hyperinflation which reached 165,000 percent in February. It decided recently to float its currency to eliminate speculation on the black market. The official exchange rate in Zimbabwe has been kept at Z$30,000 for one US dollar since September 2007 -- but on the thriving black market, one US dollar can be exchanged for around Z$100 million. The country's chronic economic crisis has condemned millions to grinding poverty with at least 80 percent of the population living below the poverty threshold amid mass shortages of basic goods in shops. Link to comment Share on other sites More sharing options...
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