GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Zimbabwe introduces $100 billion banknotes

kektex · 07-20-2008, 01:47 PM

Chavez did something similar here in december last year. They removed 3 zeros from the currency and gave it a new temporary name.

So instead of the dollar being Bs.2150/1$ it's now Bs.F 2.15/$1. And that's at the official exchange (we have an exchange control here). IN the black market its BsF.3.5 per dollar.

That, of course, didn't do squat to stop the inflation. That's what happens when you have a populist as president and $120 oil prices.

07-20-2008, 01:47 PM
kektex Confirmed User Industry Role: Join Date: Mar 2005 Location: elkektex at gmail Posts: 1,813	Chavez did something similar here in december last year. They removed 3 zeros from the currency and gave it a new temporary name. So instead of the dollar being Bs.2150/1$ it's now Bs.F 2.15/$1. And that's at the official exchange (we have an exchange control here). IN the black market its BsF.3.5 per dollar. That, of course, didn't do squat to stop the inflation. That's what happens when you have a populist as president and $120 oil prices.