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Revaluation cuts 10 zeroes off Zimbabwe dollar. (From today Z$10bn = Z$1)

Discussion in 'International Forum' started by Steve Dii, Aug 1, 2008.

  1. Steve Dii

    Steve Dii JF-Expert Member

    #1
    Aug 1, 2008
    Joined: Jun 25, 2007
    Messages: 6,414
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    How dramatic...
    Source link: http://www.ft.com/cms/s/0/cfd731e4-5e96-11dd-b354-000077b07658.html

    SteveD.
     
  2. Pundit

    Pundit JF-Expert Member

    #2
    Aug 1, 2008
    Joined: Feb 4, 2007
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    Stupid tricks,

    Unless you increase production and trade to affect real economic growth, playing with the currency is pure deception, at best buying a few weeks before the new dollar becomes worse than toilet paper all over again, then they will revalue again only to repeat the entire circle.
     
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