On Fri, Jun 12, 2015 at 11:05 AM, Henry Baker <hbaker1@pipeline.com> wrote:
Bank accounts with balances of up to 175 quadrillion Zimbabwean dollars will be paid $5. Those with balances above 175 quadrillion dollars will be paid at an exchange rate of $1 to 35 quadrillion Zimbabwean dollars.
The RBZ said customers who still have stashes of old Zimbabwean dollar notes can walk into any bank and get $1 for every 250 trillion they hold.
Wonder why the physical currency is so much more valuable (less worthless?) than the bank accounts. These two exchange rates differ by a factor of 140. If you had substantial amounts of money in a Zimbabwean bank account, withdrawing it as currency (which I assume is no longer possible) would make a big difference in how many dollars you ended up with. Andy