postheadericon Zimbabwean quadrillionaires trade their currency for U.S. dollars

Zimbabwean quadrillionaires trade their currency for U.S. dollars

Photo: “$100 Billion Dollars…” by Erik Charlton via Flickr, used under a Creative Commons license   Zimbabweans possessing quadrillions in “Zim dollars”, the country’s severely inflated currency, now have the opportunity to exchange their virtually worthless money for U.S. dollars at a new exchange rate. The rate? 35,000,000,000,000,000 (35 quadrillion) Zim dollars per $1 USD.See Original Article

Texas to create bullion depository…and get its gold back

Don’t mess with Texas’ gold. Texas Governor Greg Abbott has signed a bill into law to establish a Texas gold bullion depository and repatriate $1 billion of the state’s gold reserves held at the Federal Reserve Bank of New York, AP reported Friday. The law will make Texas the first state in the Read More
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