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V13 2010 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 13, Number 1, January 3, 2010, Article 26

ZIMBABWE NOTES IN THE NEWS AGAIN

Last week we reported that a barber in the U.K. had received as a tip a 100 trillion dollar banknote from Zimbabwe. Well, this week there's a report about a shop in Lafayette, Indiana that has several, but they are being used to promote gold sales to buyers fearful of inflation. -Editor

Zimbabwe 100 Trillion notes A local exchange shop has gotten its hands on eight hundred trillion dollars in Zimbabwe money.

"Hundred trillion dollar bank note from Zimbabwe. It's in a third issue of four and it was replaced in June," Ram Z's floor manager Chad Ramsey said.

Because of inflation, the one hundred trillion dollar note at Ram Z's Exchange might be able to buy you breakfast.

"It was at the time only worth about 33 cents," Ramsey said. "They really don't have any value. Just for the nostalgia of having a bill that is just a hundred trillion dollar bill."

Randy Ramsey said there have been many customers coming into Ram Z's to buy and invest in gold and silver because of their fear of inflation in the United States.

" In the last year, we have had people coming in, some come in on a weekly basis, to buy a piece of gold, to buy a piece of silver. And other people are able to buy larger quantities. I think it is an indication with their concerns as well for our U. S. Dollar, printing so much with out much to back it," Randy said.

To read the complete article, see: Store gets trillion dollar banknote (www.wlfi.com/dpp/on_the_money/Copy_of_local-exchange-store-gets-its-hands-on-a-trillion-dollars)

To read the earlier E-Sylum article, see: BARBER GETS 100 TRILLION DOLLAR TIP (www.coinbooks.org/esylum_v12n52a20.html)

Wayne Homren, Editor

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The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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