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**shkarpet$** · 01-17-2012, 09:06 PM

JQP--I'd like to look into investing in the German company that prints the banknotes. Business should be booming for them.

Hatha

I think what In heard was wrong. It looks like a German[ic] company supplied the paper for the notes (Wikipedia- may not be available tomorrow, but should reappear in 24 hours):

On 14 July 2008 Giesecke & Devrient ceased supplying bank note paper to Fidelity Printers & Refiners, the Zimbabwean government-owned company that printed Zimbabwean currency.[90] Virtually incessant use of the currency-printing presses have caused many of the machines to break down, and repair parts are no longer being shipped to Zimbabwe to repair the machines.[90] The Reserve Bank issued the $100 billion Agro Cheque on 21 July, which were printed prior to the suspension.[91][92]
On 30 July 2008 the RBZ announced a new currency, effective 1 August 2008, removing 10 zeros from the monetary value, by "a factor of 1 to 10".[93] Banknotes in the denominations of $1, $5, $10, $20, $100 and $500 were introduced and replaced bearer cheques and agro cheques by 31 December 2008.[94] However, the familiar cycle of printing ever higher denomination notes to keep up with inflation continued despite redenomination. A $1,000 banknote was introduced by the RBZ on 19 September 2008, and ten days later, as the unofficial exchange rate surpassed 270,000 ZWD to the US dollar, it issued new notes in the denominations of $10,000 and $20,000.[95] A $50,000 banknote was released on 13 October 2008, followed by $100,000, $500,000, and $1,000,000 denominations announced on 3 November.[96] The daily cash withdrawal limit was raised for individuals to Z$500,000 from Z$50,000 and for select companies it went up to $1 million.[97] Banknotes valued at $10 million, $50 million and $100 million were issued as the withdrawal limit was increased to $100 million per week on 4 December 2008.[98][99] Scarcely four days later, on 8 December, the RBZ issued a $200 million banknote,[100] and introduced a $500 million note on 12 December, worth approximately US$8 at the time.[101] In little over half a year, the billion denomination returned, with the RBZ issuing banknotes of $1 billion, $5 billion, and $10 billion on 19 December.[102]

01-17-2012, 09:06 PM	#6
shkarpet$ Join Date Oct 2005 Posts 354 Senior Member	JQP--I'd like to look into investing in the German company that prints the banknotes. Business should be booming for them. Hatha I think what In heard was wrong. It looks like a German[ic] company supplied the paper for the notes (Wikipedia- may not be available tomorrow, but should reappear in 24 hours): On 14 July 2008 Giesecke & Devrient ceased supplying bank note paper to Fidelity Printers & Refiners, the Zimbabwean government-owned company that printed Zimbabwean currency.[90] Virtually incessant use of the currency-printing presses have caused many of the machines to break down, and repair parts are no longer being shipped to Zimbabwe to repair the machines.[90] The Reserve Bank issued the $100 billion Agro Cheque on 21 July, which were printed prior to the suspension.[91][92] On 30 July 2008 the RBZ announced a new currency, effective 1 August 2008, removing 10 zeros from the monetary value, by "a factor of 1 to 10".[93] Banknotes in the denominations of $1, $5, $10, $20, $100 and $500 were introduced and replaced bearer cheques and agro cheques by 31 December 2008.[94] However, the familiar cycle of printing ever higher denomination notes to keep up with inflation continued despite redenomination. A $1,000 banknote was introduced by the RBZ on 19 September 2008, and ten days later, as the unofficial exchange rate surpassed 270,000 ZWD to the US dollar, it issued new notes in the denominations of $10,000 and $20,000.[95] A $50,000 banknote was released on 13 October 2008, followed by $100,000, $500,000, and $1,000,000 denominations announced on 3 November.[96] The daily cash withdrawal limit was raised for individuals to Z$500,000 from Z$50,000 and for select companies it went up to $1 million.[97] Banknotes valued at $10 million, $50 million and $100 million were issued as the withdrawal limit was increased to $100 million per week on 4 December 2008.[98][99] Scarcely four days later, on 8 December, the RBZ issued a $200 million banknote,[100] and introduced a $500 million note on 12 December, worth approximately US$8 at the time.[101] In little over half a year, the billion denomination returned, with the RBZ issuing banknotes of $1 billion, $5 billion, and $10 billion on 19 December.[102]
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