1 US Dollar = 4,672,634,610 Zimbabwe Dollar
this is not current but this happend to them because of super inflation
http://www.mashada.com/forums/maisha-ya-kenya/80603-1-us-dollar-4-672-634-610-zimbabwe-dollar.html
LOL i can go to africa with 1 dollar and it would be exchanged to 4billion dollars 😂
Poor americans would be billionairs if they went there 😆
You must be really confused about inflation - you would not be rich with one dollar, seeing how the Zimbabwean money was worthless the goods have not magically become worthless too. Things still cost as expensive.
Let me put it in a perspective - you could not buy packet of cigarettes for 4 billion Zimbabwean Dollars in Zimbabwe.
I fail to see the humour in starving people.
Originally posted by lil bitchiness
You must be really confused about inflation - you would not be rich with one dollar, seeing how the Zimbabwean money was worthless the goods have not magically become worthless too. Things still cost as expensive.Let me put it in a perspective - you could not buy packet of cigarettes for 4 billion Zimbabwean Dollars in Zimbabwe.
I fail to see the humour in starving people.
Originally posted by Bardock42
He wouldn't be rich, he would however be a billionaire.
Pwnage
Originally posted by lil bitchinesswhat if you come to america with the 4billion dollars, and you change it to amercan money via a private bank owner who accidentaly gives you 4billion american dollars 😱
True, he would be. Which is like being a billionaire in monopoly money or pieces of paper with a dollar sign on it.
He wouldn't be that special, since a lot of Zimbabweans were billionaires too.
Originally posted by Colossus-Big C
what if you come to america with the 4billion dollars, and you change it to amercan money via a private bank owner who accidentaly gives you 4billion american dollars 😱
That would be very nice, yes. Especially if noone EVER noticed the mistake at any point and I got to keep the billions. Nice.
I do fail to see how this is illegal. You're allowed to trade currency and you take a risk of losing money, probably more so than making money.
If you're thinking of buying Iraqi Dinars, beware, there are many scammers out there regarding this. My friend did it while he was in Iraq; he got his straight from the bank, so he's probably safe if the Iraqi Dinar ever appreciates.
Originally posted by Wild ShadowIt's more or less the original Ponzi scheme. You line up a whole bunch of investors and claim you can make ridiculously high returns in a short amount of time by investing their money in rapidly buying and selling foreign currency, taking advantage of conversion rates and market fluctuations...which you never intend to buy or sell.
explain....... also why do they have tv commercials focusing on doing just that?
The other scheme you can run like this is the mass shorting of a currency which not only rips off your investors but creates hyperinflation and situations like Zimbabwe now, Germany during the depression, etc.
Originally posted by Red Nemesis
lmaoBut seriously, it is (theoretically?) possible to make money by converting one currency into another and waiting for the exchange rate to change i think?
There is a very simple and legal way of doing this, which many, many, many people do all the time, it's called "shopping for offers whilst on holiday."
For example if a book is worth £5 in England and we assume the exchange rate is roughly £1 = $2 then I'd be saving money on the book if it was selling for $8 dollars in America, as I'd effectively be the same as getting it for £4, a £1 cheaper.
Now imagine doing this with many more products on a much larger scale in order to make money. It becomes illegal if you were to sell the product in England at it's original price.