Just finished yet another silver order from a seller on Facebook I trust and he had a hilarious item I just couldn't resist.
The red-colored Zimbabwe 500 Million Dollar Bearer Cheque with a dimension of 148 x 74 mm was issued in 2008. The banknote's obverse side features the Reserve Bank of Zimbabwe logo and the denomination in the center. With the signature of Governor Dr. G. Gono printed on the left. The reverse side of the note highlights the Kariba Dam on the Zambezi River and a tigerfish flying out of the water. The note is equipped with a solid security thread with a demetalized RBZ, Zimbabwe bird Type C watermark, and electrotype RBZ. source
The price we agreed at was 5 euro. Not bad for 500 hundred million dollars 😂😂😂🎉🎉🎉🎉🥳🥳🥳
On a serious note, I did some googling, I think 5 euros is a fair price considering the quality I'll be getting and the prices I saw on various sites like eBay.
As you have probably guessed, the note came out during a hyperinflationary time for Zimbabwe. I asked Chatgbt what I could buy with it when it came out and my god... If the bot is right... Shit was even worse then I imagined!
During the time when the red-colored Zimbabwe 500 million dollar bearer cheque was in circulation, the hyperinflation in Zimbabwe was so severe that its value would have been extremely low. At the height of Zimbabwe's hyperinflation in 2008, the inflation rate was estimated to be around 79.6 billion percent, which means that the value of Zimbabwean dollars was rapidly declining, and prices were rising dramatically every day.
To give you an idea of the scale of hyperinflation, in mid-2008, a loaf of bread reportedly cost around Z$100 billion, and the price would have continued to rise rapidly. At that time, the 500 million dollar bearer cheque would not have been sufficient to buy even a small item such as a loaf of bread. In fact, during that time, people were using foreign currencies, such as the US dollar or South African rand, to buy basic necessities.
It's worth noting that the Zimbabwean government has since introduced a new currency, and the hyperinflation period is over. However, during the hyperinflation period, the value of the Zimbabwean dollar was so low that it was practically worthless, and the 500 million dollar bearer cheque would have been insufficient to buy even the most basic necessities.
"the inflation rate was estimated to be around 79.6 billion percent"
Lol! That's a lot of zeroes 😂
I guess you could treat it as toilet paper back then and try to exchange it for other goods 😂😂😂😂
Anyways, can't wait to receive this item. It will be fun to have! Although we the policies our world leaders seem to take maybe we are about to see more fun items like this soon! 🤔😅
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Wcome to the millionaires club, but you have a ways to go to be quite as rich as me, lol!!
Soon fren. Soon!
A friend of ours was cabin crew for British Airways and she exchanged currency at the airport. She had so many notes she bought them home and used it to wall paper her bathroom. I still have the Rhodesian coins somewhere in mint condition supplied by the reserve bank. We lived there for 2 years whilst the war was on amongst sanctions and fuel rationing.
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Sounds like a good usecase 🤣🤣🤣
You will be a trillionaire!!!
Try the Botswana currency and translate it, in Romanian, it will make you want it.
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Too lazy. Do it for me sir!
😉😂 Good deal! U are set now.
'Honey, go buy some bread at the store..'
😂😂😂😂
Ples Fren 100k airdrop for us.
Joke aside.. This hyperinflationary has caused big trouble in many people life... Same thing's are going around here... Fiat value dropped a lot since 2023 and now inflation is kicking asssss. Hope no one had to go through consequences cuz of Bad politics and corrupt Governments.
It just needs this guys pic on it now..
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🤣
Play money!
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Lmao 😂
I have good reason to believe that I came up with a way to End Inflation with Silver and Gold "Coins"...
Zimbabwe made you a millionaire, when are you moving there? 😁🤣😅😂😇
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I am already there!
That beats my Hungarian 10 million Pengo Inflation note on loan from @punkysdad.
Welcome to the Inflationary poor millionaires club.
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Poor pleb!
With the current inflation soon a bill of 500,000,000 dollars 🤣🤣🤣
!PIZZA
You could by a grain of rice with that….
Haha, not bad !
That is a crazy inflation rate and it's what happens when people lose faith in a currency. Trust is very important when it comes to fiat.
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Thats quite an interesting bank note. I dont know why you only got one - if you got two, you would have been a billionaire !
Nice work - keep on stacking
!LOLZ
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lolztoken.com
Hey, that's false advertising!
Credit: reddit
@trumpman, I sent you an $LOLZ on behalf of @hoosie
(1/10)
Theres a billionaire note too, I plan on getting it one day!
https://leofinance.io/threads/@trumpman/re-leothreads-6sicxx
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I seen the article where a trolley full of notes, just enough to buy a few household items. But it's different now as they introduce a new currency !
Let's split it...
250 million dollars doesn't seem like such a bad sum😏
It's my precious!
Sad...
Wish you best of luck with the Purchase, Can't believe it's a 500 million $ check :P
5 ευρω πληρωσες για τους παπαρες αυτους?....και δε μου λεγες εμενα να σου εφερνα κανενα τσουβαλι απο αυτα να τα κανεις ταπετσαρια
Mpaxaxaxaxq, ε που να ξςρα ότι έχεις 🤣
What you mean "that time", hyperinflation is basically part of their market cycle 🤣
there should be a 1 trillion dollar banknote if I remember correctly