please provide a link if possible
2007-07-30 09:25:17 · 4 answers · asked by olivia w 3 in Business & Finance ➔ Other - Business & Finance
Sadly, the first responder pretty much has it correct.
You have a problem here:
The official exchange rate is indeed Z$250 = US$1, as it has been since 1 August 2006.
The parallel market / black market rate is a much more accurate indication of the value of the Zim dollar, and it is presently running at somewhere between Z$120,000 and $400,000 to US$1. Inflation is running at 10,000% or more,
and the entire economy, not just the Zim dollar, is collapsing.
Here are some recent news articles on the Zim dollar, inflation, and the general economic collape in Zimbabwe that you will find interesting.
2007-07-30 12:50:15 · answer #1 · answered by F. Frederick Skitty 7 · 3⤊ 0⤋
This is a joke, right? Zimbabwean money is virtually worthless right now. They're suffering something like 3000% inflation.
Edit: No internet currency converter can possibly keep up with the currently wild fluctuations in Zimbabwe's currency. Excuse the hell out of me for offering a bit of perspective.
Thanks, Zoxx.
2007-07-30 16:29:09 · answer #2 · answered by Alowishus B 4 · 2⤊ 1⤋
300 zimbabwe money is like $1.20 american money
convenient currency converter :D
http://finance.yahoo.com/currency/convert?amt=300&from=ZWD&to=USD&submit=Convert
2007-07-30 16:30:47 · answer #3 · answered by why? 2 · 1⤊ 2⤋
ww.oanda.com has a currency converter.
2007-07-30 16:30:44 · answer #4 · answered by JRT mom 1 · 1⤊ 1⤋