#Zimbabwe currency

[iraqdinar]

Zimbabwe’s “RTGS Dollar” Can Be Used to Purchase New Gold Coins; Not So for 2008 Zim Inflation Currency

Zimbabwe's Central Bank recently introduced a new set of gold coins in a bid to boost the country's economy. The coins, which come in denominations of 2, 5, 10, and 20 Zimbabwean dollars, are said to be made from locally sourced gold.

The introduction of the new coins has been met with mixed reactions, with some Zimbabweans expressing excitement at the prospect of having a new form of currency, while others have raised concerns about the practicality of using gold coins in everyday transactions.

Which Zim Currencies Can Be Used to Purchase the Coins?

One of the main questions that has been raised is whether RTGS (Real Time Gross Settlement) dollars can be used to purchase the gold coins. RTGS dollars are Zimbabwe's official currency and are used for electronic transactions, but they are not widely accepted by all merchants.

According to the Reserve Bank of Zimbabwe, the new gold coins can be purchased using any form of legal tender, including RTGS dollars. This means that Zimbabweans who have RTGS dollars can use them to buy the gold coins.

What about Zimbabwe’s 2008 Hyperinflation Currency?

Unfortunately for collectors around the world who have made the 2008 $100 Trillion Zimbabwe banknote one of the most popular numismaic collectibles of all-time, they won’t be able to help land the new gold Zimbabwe coins.

The reason is rather simple. 2008 Zimbabwean money cannot be used to buy anything, much less cold coins. In 2008-2009, Zimbabwe experienced hyperinflation, and as a result, the currency became practically worthless. In response, the Zimbabwean government abandoned the Zimbabwean dollar and adopted a multi-currency system. The primary currencies used in Zimbabwe are now the US dollar, the South African rand, and other foreign currencies. At the height of the hyperinflation, Zimbabwe released a $100 trillion dollar bill, which at its height was worth something like $1.36 USD.

Gold coins, like any other goods or services, typically require a recognized currency or a form of payment that is widely accepted. Since the 2008 Zimbabwean money is no longer in use and has no value, it cannot be used to purchase gold coins or any other items. If you're interested in buying gold coins, you would need to use a recognized currency or another form of payment accepted by the seller.

However, while officiallt the RTGS dollar can be used to purchase the coins, some experts have warned that using RTGS dollars to purchase gold coins may not be the most practical option. This is because the value of gold is constantly fluctuating, and it may be difficult for merchants to accurately determine the value of the coins in RTGS dollars.

Despite these concerns, the introduction of the new gold coins is seen as a positive step towards stabilizing Zimbabwe's economy, which has been struggling for years due to hyperinflation and a shortage of foreign currency.

The use of gold as a form of currency is not new in Zimbabwe. The country has a rich history of gold mining, and gold was once used as a medium of exchange before the introduction of paper currency.

In recent years, there has been a renewed interest in gold as a form of currency, with some countries, such as China and Russia, increasing their gold reserves in an effort to diversify their currencies.

The introduction of the new gold coins in Zimbabwe is therefore seen as a step towards aligning the country with this trend. It remains to be seen whether the coins will be widely adopted by Zimbabweans, but for now, they represent a glimmer of hope for a country that has been through so much economic turmoil in recent years.

[harmonyd]

Zimbabwe Currency

Zimbabwe Currency: The Zimbabwe Dollar, since its inception at independence in 1980, is in its 5th series. Each new series replaced the last as hyperinflation rendered the currency worthless. Each new series was redenominated by dropping zeros to make it manageable again. Prior to 1980, there was the Rhodesian Dollar, which was at parity with the pound sterling. The official currency of Zimbabwe…

[zimbabwe-currency]

5 pcs of $20 Trillion UNC 2008 Zimbabwe Banknotes For Sale For Only $210 at Egan Store!

For numismatic enthusiasts who would love to add some 2008 Zimbabwe banknotes to their collections but balk at the high price hyperinflation Zim notes have traditionally commanded, Egan Store has great news: now you can own $100 trillion 2008 Zim in the form of five uncirculated, mint-condition $20 trillion dollar banknotes for just $210, a per-note cost of just $42, a huge savings when compared with the $50-$70 price tag these notes traditionally sell for.

Egan Store is in the midst of a huge Christmas in July-type sales event. Buyers who visit Egan Store on Etsy are finding savings on most products available in the shop. And it’s not just the obscure items on-sale. In fact, some of Egan’s core product offerings like Iraqi dinar, and uncirculated Zimbabwe $10 trillion dollar banknotes as well as CIR and UNC $20 trillion dollar Zim banknotes, both of which are on-sale now.

Dinar buyers are saving as much as $75 dollars on a single purchase of a half-million Iraqi dinar in the form of twenty 25,000 IQD uncirculated banknotesz

Egan Store is a collectibles shop specializing in banknotes from exotic world currencies to go with various other numismatic rarities and other fine collectibles. The shop is owned and operated by Peter and Mellenia Egan of Louisiana, USA. The store has been open since July of 2020, and has a better than 99% customer satisfaction rate.

[superbeans89]

[rethinking-the-dollar]

#Zimbabwe admits that its paper #currency can't protect people from inflation and that holding gold is the best way out. Now that Zimbabwe's #gold coins are back as #money that can be used to buy things and #storevalue, what comes next? https://youtu.be/n21TsWgEWQE

[yohane23]

Only 9 African countries print their currency domestically.

[nek-ros]

wait i realize that last map has zimbabwes currency as "clusterfuck" so i looked it up and it's USD bc zimbabwe dollars got unusable bc of inflation. huh

[iraqdinar]

Counterfeit 100 Trillion Zimbabwe Currency Banknotes Infect eBay’s Zim Offerings

By: Peter Egan

Zimbabwe banknotes (aka: “Zim Bonds”) being sold out of China have been identified as fake. How prevalent is the problem?

“The whole (eBay) marketplace is toxic right now as a result...“  ~ eBay Seller

Sometime in May I made a purchase of an eBay listing for ten $100 Trillion Zimbabwe banknotes from a new seller I was not familiar with who was based out of China. I do business with a couple of Chinese sellers who are great to do business with, whose products are always authentic, relatively inexpensive and delivered to me quickly. This seller is not one of them. The listing was priced well below market rates, and part of me suspected they might be fake. Still, the price was too good to not give it a shot, figuring that if in fact they were fake I could always return them.

BELOW: Counterfeit $100 Trillion Dollar Bill (Zimbabwe Currency)

BELOW: Zimbabwe Flag

Until I saw a counterfeit Zimbabwe $100 trillion dollar banknote from the 2008 hyperinflation currency, I didn’t believe that they even existed. After all, why would anyone who has made the investment into state-of-the-art counterfeiting equipment and the supplies needed to operate it waste their time, money and focus forging a currency that has the dubious distinction of being history’s most worthless currency? They wouldn’t, right?

Well, I figured they’d be out making dollars or Euros or Yen or something similar until I opened up a shipment from an eBay seller whose price was so low I had to take a flier on his products. 

Well, my first assessment of these notes from China was correct. The notes did in fact turn out to be fake. However, they were such good fakes that I would be shocked if most buyers would have been able to determine that they were in fact counterfeit. The notes even had the long-rumored color-changing ink on the left-side of the obverse side of the note (more on this in a bit). However, the notes lacked any of the security fibers that glow under ultraviolet lighting, which is the one security feature present in every authentic $100 trillion Zim bond note I’ve inspected. Color-changing ink is not, however so many high-profile sellers have documented that this is a security feature present (it is not -- at least not in enough of the legitimate, authentic notes to be used to exclude all notes absent it) that buyers generally tend to go in with the false impression that notes absent that ink are fake. The truth is that in all of my research, I’ve seen $10, $50 and $100 trillion Zimbabwe banknotes that were authentic and had serial numbers printed with an ink that changed from red to bright orange under UV lighting. However these make up a very small percentage of the notes in these denominations, as most authentic notes do not have this feature.

BELOW: Gif of a Hollywood money counterfeiting machine.

The absence of the security fibers was enough to raise red flags about my purchase from a new-to-eBay Chinese vendor. Other noticeable discrepancies including the coloring being slightly off make me even more suspicious. Finally, I went and brought them to a professional who conformed what by then I already knew --- that the ten 100T notes I bought were fake. When I went to try to return them I found that the seller’s eBay account was no longer active, but by looking at the old listing, I was able to determine that he had sold at least nine lots of ten notes to other buyers besides myself, a few of whom left positive feedback.

“The whole (eBay) marketplace is toxic right now as a result of these fake notes entering circulation over there. There’s no telling how many have not been identified and removed from circulation. The seller who reported these did so at his own expense, and he took a considerable loss to remove the fake ones from the marketplace. How many others would be willing to eat a loss when they know they can get away with selling them and making them someone else’s problem. And that’s just the ones who figure out that they’re fake. Most won’t even get that far, especially collectors who don’t sell the stuff for a living.”   ~ eBay Seller on the Plague of Counterfeit 100 Trillion Zim notes on the eBay platform

I personally have observed these same notes as those I had purchased, sold by the same seller, listed for resale by other US-based collectors who had decided to try to take advantage of the low rate to flip some of their steal of a deal (at least in their minds... I doubt most collectors even realize that they’re counterfeit), many selling enough to pay for those they keep. But the problem that causes is now they’re in circulation on eBay and are being traded on eBay among secondary sellers who bought from the same Chinese vendor I purchased from, only they haven’t sold hundreds if not thousands of authentic 100 Trillion notes and weren’t able to establish that they were counterfeit like I was able to do.

BELOW: The counterfeit one-hundred trillion dollar Zimbabwe banknote viewed by me under ultraviolet (UV) lighting.

ABOVE: Notice the total lack of security fibers, an omission that becomes more glaring when coupled with the color-changing ink.

So once I knew the notes were fake and knew I couldn’t return them for a refund, I decided to absorb the loss and not resell them. I will be making a couple of videos in which I’ll attempt to communicate to buyers what to look for and how to know if the note you’ve purchased is real or fake, but other than that I have no intention to use or sell the notes, and will almost certainly destroy them on video, a copy of which will be posted here to prove the notes were all destroyed.

In the meantime, buyers should carefully vet their sellers if buying 2008 Zimbabwe banknotes, especially if buying from eBay. It may be best to just avoid eBay for a few weeks and let the market cleanse itself of the forgeries.

BELOW: Egan Store (good seller who is absorbing a loss so more counterfeit notes don’t enter circulation) official logo banner.

If anyone has any questions I can be reached through the messaging feature on Etsy. The Egan Store Etsy shop URL is: https://www.etsy.com/shop/EganStore, but most repeat customers simply type www.EGAN.store into their web browser of choice to reach us without having to make several unnecessary clicks.

[demondmayhew016]

Zimbabwe launches new gold-backed currency - ZiG - BBC News

#Black Excellence 🌍💚🖤❤️✊✨

[occasionaltouhou]

once again i am under fucking attack

what do you mean by studs. like from lego? i will accept payment in lego only no other form of stud

you can have currencies in multiple colours i hope this helps

if you try to pay me in digital currency you will go to hell before you die

i'll take the zimbabwe dollar but you won't get anything in return i'll just have it now

[charlesandmartine]

Friday 26th April 2024

Yet another early morning kickoff today. Up with the lark, down to the jetty and ready with our seafaring friends from Philadelphia to embark on the good ship that'll convey us down the Chobe River with the stunning vista of sunrise across the water. And what a stunning sunrise it was! Immediately having cast off and the solar powered craft inched out into the calm waters the chorus began. Initially it was the guinea fowl that were agitated sensing danger, then a whole line of waterside trees began to erupt as the baboons screeched and lept from branch to branch. They sensed danger; most likely lion Bella said. The theory they have is that if sufficient vocal dissent is voiced, the lion will shrug and say okay, I get it, and move off to shop for breakfast elsewhere. The whole routine probably lasted 20 minutes or so, and then peace and tranquility returned and baby baboons continued playing, mother's suckled babies and others turned to the serious task of securing a future generation.

Others were also up and about by now. Crocs were serenely sailing along the shore, breakfast in mind. African Fish Eagles had taken position high aloft in the trees, and the African Darter fish eater was observing and diving, his pointed bill and thin long neck appearing out of the water like a javelin. Yes, the new day had dawned and life was beginning its cycle once again.

We moved on from this lovely place today being picked up and taken to Victoria Falls for the next chapter in our holiday. Botswana is such a beautiful place and the people from this land are so pleasant. The Chobe Game Lodge is excellent in every way and we feel so privileged to have stayed here and shared just a little of their country and way of life.

A most touching symbol of reconciliation is the Botswana national flag; black, white and blue. The black and white representative of colour/ race and joining together under the blue African sky.

Still no leopard!

Dan pulled up on schedule outside of the Lodge reception area and loaded our bags into the Toyota and told us he was to take us to the Zimbabwe border where he would leave us to be collected on the other side and taken to Victoria Falls Hotel for the next stage of our holiday. We skidded along the sandy track roads, nearly colliding with a herd of elephants making their way to the river and joining about 100 others then just a few yards further a male lion snoozing and then to the exit to Chobe National Park. One hour to the border and an hour to Victoria Falls in deepest Zimbabwe. To enter Zimbabwe it was necessary to pay for a visa in whatever currency you like but US dollars cash preferred. The Zimbabwe economy it would seem has crashed, and funds are needed from somewhere. The odd thing was that we were charged $55 each whereas American tourists are charged $35. And so it was that we crossed the border into a very scruffy compound, scooped up into a very nice mini bus and whisked off out of it leaving a trail of dust behind. Zimbabwe has 80% unemployment around here with an unpopular government secured by the military. It does not appear to be a nice place to live. By contrast our hotel, the Victoria Falls Hotel, built 1904 in a luxurious colonial style, served by British royalty in the past and having floor to ceiling portraits of George V and Queen Mary is diametrically opposite to the poverty in surrounding suburbs. Registration was in the premier lounge which saved us having to hang around the front desk, after which we were led up a grand staircase to our suite overlooking the grounds and the Falls in the distance. There is of course the fine dining restaurant: The Livingstone. Then there's also the Jungle Junction Restaurant which was introduced as having a lavish menu with lavish choices etc. Every time he said lavish, I could hear the sound of a cash register!

We had time to relax a little before being collected for our evening trip on the Zambezi river. Collectively we made up a small party of about a dozen on a little boat which set sail promptly at 4.30 with a view to seeking out yet more wildlife whilst consuming canapes and a sundowner or two or three. Well it was very jolly and we managed several hippos of many sizes, an open billed stork (it was a stork with an open mouth), a light crowned lapwing and a kingfisher. The boat took us along one side of the Zambezi and returned on the opposite bank which is Zambia.

Back to the hotel and a buffet meal of many delicacies such as crocodile! Whilst eating we had fantastic entertainment from local black artists performing traditional African song and dance. It was so good and it made us feel we really are in Africa! We started the day in Botswana for sunrise and observed a beautiful sunset in Zimbabwe ending a perfect day.

ps Tomorrow we shall be collected early for our tour of the Victoria Falls. Apparently you may get wet!

pps Crocodile tastes a bit like chicken!

[mediamonarchy]

https://mediamonarchy.com/wp-content/uploads/2024/04/20240409_MorningMonarchy.mp3 Download MP3 Diverted flights, gold mafias and making the moon trains run on time + this day in history w/GPS rollover events and our song of the day by K-Rino on your #MorningMonarchy for April 9, 2024. Notes/Links: Video: Hobo Etiquette’s Trump Hole Sun (Audio) https://cdn.discordapp.com/attachments/379774652719038466/1227020322977611776/1712614467291.mp4?ex=6626e2b9&is=66146db9&hm=5496d3ab9d8c4b9b3f2c67222f7230ea7503aecd8ce52ef3bba14acb3128c80d& Blinken’s Boeing 737 plane suffers mechanical failure en route to NATO meetings https://insiderpaper.com/blinkens-boeing-737-plane-suffers-mechanical-failure-en-route-to-nato-meetings/ Antony Blinken Tied To Jeffrey Epstein: Went To School Where He Taught, Family Connected To Epstein’s Mistress; Secretary of State Antony Blinken’s stepfather was a close confidant and lawyer for Ghislaine Maxwell’s father Robert Maxwell. (Sep. 4, 2021) https://nationalfile.com/antony-blinken-tied-to-jeffrey-epstein-went-to-school-where-he-taught-family-connected-to-epsteins-mistress/ United Airlines flight to London diverted to O’Hare airport due to cracked windshield, FAA says (Apr. 1, 2024) https://abc7chicago.com/united-airlines-cracked-windshield-boeing-787-faa/14602346/ Southwest flight to Houston returned to Denver after engine cowling detached mid-air https://airlive.net/emergency/2024/04/07/breaking-southwest-boeing-737-made-an-emergency-in-denver-after-engine-cowling-detached-mid-air/ Video: Southwest flight from Colorado to Houston turns around after engine cover falls off during takeoff (Audio) https://www.youtube.com/watch?v=O95m0GUSQmI Disinformation “Expert” Tells People To Only Use “Trusted Sources,” Avoid “Doing Your Own Research” https://reclaimthenet.org/disinformation-expert-tells-people-to-only-use-trusted-sources 68k.news: Headlines from the Future http://68k.news/ RBZ unveils new gold-backed ZiG currency to replace Zimbabwe dollar https://www.zimbabwesituation.com/news/rbz-unveils-new-gold-backed-zig-currency-to-replace-zimbabwe-dollar/ Zimbabwe introduces new gold-backed currency to tackle inflation; Zimbabweans have 21 days to convert their old cash into new money, according to the central bank https://www.aljazeera.com/news/2024/4/5/zimbabwe-introduces-new-gold-backed-currency-to-tackle-inflation Zimbabwe launches new gold-backed currency – ZiG https://www.bbc.com/news/world-africa-68736155 Here is how to convert your Zimdollar balances to Zimbabwe Gold (ZiG) https://www.newsday.co.zw/opinion-analysis/article/200025272/how-to-convert-your-zimdollar-balances-zig Zimbabwe introduces RTGS dollar to solve currency problem (Feb. 26, 2019) https://www.bbc.com/news/world-africa-47361572 Video: Al Jazeera’s Gold Mafia: Episode 1 – The Laundry Service (Audio) https://www.youtube.com/watch?v=evWEuVR1XIs Video: Al Jazeera’s Gold Mafia: Episode 2 – Smoke & Mirrors https://www.youtube.com/watch?v=HYIcCoYt9YE Video: Al Jazeera’s Gold Mafia: Episode 3 – El Dorado https://www.youtube.com/watch?v=xP_rhbJHokw Video: Al Jazeera’s Gold Mafia: Episode 4 – Have The King With You https://www.youtube.com/watch?v=EEWehVHs8fc Saints Alive! ‘Millions’ Believe In The Power of Money https://mediamonarchy.com/saints-alive-millions-believe-in-the-power-of-money/ Smartphone App Detects Early Signs of FTD https://www.medscape.com/viewarticle/smartphone-app-detects-early-signs-frontotemporal-dementia-2024a10006ds Northrop Grumman to Develop Concept for Lunar Railroad; “Northrop Grumman Corporation (NYSE: NOC) has been selected by DARPA to further develop the concept of building a moon-based railroad network as part of the broader 10-year Lunar Architecture (LunA-10) Capability Study.” https://news.northropgrumman.com/news/releases/northrop-grumman-to-develop-concept-for-lunar-railroad Image: @Hybrid’s Cover Art – SSS’s ‘MMT’ https://mediamonarchy.com/wp-content/uploads/2024/04/20240409_MorningMonarchy.jpg White House Tells NASA to Create...

[mapsontheweb]

Worldwide use of foreign currency.

Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. The process is also known as dollarization, sterlingisation or euroization when the foreign currency is one of the currencies known as the dollar, pound or the euro.

Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe. Some small economies, for whom it is impractical to maintain an independent currency, use the currencies of their larger neighbours; for example, Liechtenstein uses the Swiss franc.

Partial currency substitution occurs when residents of a country choose to hold a significant share of their financial assets denominated in a foreign currency. It can also occur as a gradual conversion to full currency substitution; for example, Argentina and Peru were both in the process of converting to the U.S. dollar during the 1990s.

[zvaigzdelasas]

12 May 23

[vitamind3blog]

Ms. Sandy at Edu Matrix has some of the best videos about the Iraqi dinar and it’s prospective revaluation available anywhere on the web.

Everything I’m hearing is that the RV is imminent... anywhere for hours to weeks, months tops. There’s been lots of chatter that this will be a very special Christmas. Sure, could mean anything or nothing, but Trump’s history is pretty close to unanimous in terms of his knowing something specific when he makes remarks like that.

My recommended source for IQD (Iraqi Dinar) is Egan Store (http://egan.store & Egan Shop https://eganshop.com).

Peter (the owner of Egan Store) has told me this week that he intends to start removing IQD listings soon, although he couldn’t give a date, stating that they would only sell what they can replace, but would sell as long as he could get it. So as long as they can get it they plan to make it available and help as many people as possible procure some before it’s too late.

Peter is a good man and his customers love him. His business has achieved a better than 99% customer satisfaction rate selling on eBay, Etsy, other third-party platforms and from their relatively new site, EganShop.com.

Peter will be launching a plethora of currency-specific, niche collectible numismatics, coin & banknote shops — each specific to a particular nation’s currency.

Egan Shop and Egan Store have every denomination of new Iraqi dinar available for some of the best prices available anywhere online. If you find a better price, message them. If Peter can beat it he will.

https://etsy.com/shop/EganStore