By MacDonald Dzirutwe HARARE (Reuters) - Zimbabweans will start exchanging 'quadrillions' of local dollars for a few U.S. dollars next week, as President Robert Mugabe's government discards its virtually worthless national currency, the central bank said on Thursday. The southern African country started using foreign currencies like the U.S. dollar and South African rand in 2009 after the Zimbabwean dollar was ruined by hyper-inflation, which hit 500 billion percent in 2008. At the height of Zimbabwe's economic crisis in 2008, Zimbabweans had to carry plastic bags bulging with bank notes to buy basic goods like bread and milk. Prices were rising at least twice a day. From Monday, customers who held Zimbabwean dollar accounts before March 2009 can approach their banks to convert their Zimbabwean dollar balance into dollars, Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya said in a statement. The process will legally end the local currency. Zimbabweans have until September to turn in their old bank notes, which some people sell as souvenirs to tourists. 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 highest - and last - bank note to be printed by the RBZ in 2008 was 100 trillion Zimbabwean dollars. It was not enough to ride a public bus to work for a week. 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. That means a holder of a 100 trillion bank note will on Monday get 40 cents. The RBZ has set aside $20 million to pay Zimbabwean dollar currency holders.
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- Associated Press
For almost three decades, 81-year-old David Lidstone has lived in the woods of New Hampshire along the Merrimack River in a small cabin adorned with solar panels. As the owner of the land seeks to tear down the cabin, Lidstone has been jailed since July 15 on a civil contempt sanction. “He’s just a really, really, big caring guy, and just chooses to live off the grid,” said Jodie Gedeon, an avid kayaker who befriended Lidstone about 20 years ago.
Looks like someone understood the assignment!
Kylie Jenner just won Leo season.
- Entertainment Weekly
The show's shop manager broke her silence after History Channel confirmed the longtime cohost wouldn't be returning.
The Keeping Up with the Kardashians alum put her most famous asset on display in new Instagram photos
- NBC Sports Northwest
Anna Cockrell was disqualified from the womens 400m hurdles final at the Tokyo Olympics Tuesday night.
"That's a picture of me and my wife kissing on the beach; there's no reason for me to take this photo down," said Colleyville Heritage HS Principal, Dr. James Whitfield
- In The Know
Being a teacher is hard enough as it is.
Best of both worlds.
Canada's Penny Oleksiak slammed an educator who "constantly dragged me down" as the worst of all time.
- USA TODAY
The assault-weaponed bullies are winning on my road, and I refuse to weaponize myself to fight back. My town is unsafe if you're non-white or unarmed.
"Angel shots can and do save lives."View Entire Post ›
Bill is worth $130 billion, just FYI.
Go Inside Adam Levine and Behati Prinsloo's 'Perfect Sanctuary' Home: 'We Didn't Want a Palatial McMansion'
Adam Levine says the home he and wife Behati Prinsloo bought from Ben Affleck and Jennifer Garner for $32 million in 2019 is "a genuine unicorn"
- Hoops Hype
The Los Angeles Lakers always generate a ton of headlines but this year, that has happened even more as they have added several big names.
It’s definitely not something we think about often, but we’d be lying if we said the royal family members ’ heights haven’t crossed our mind...
- NBC Sports EDGE
Aaron Robinson takes a look at the biggest winners and losers after the first 24 hours of NBA free agency. What team's have made the biggest splash? (Daniel Dunn-USA TODAY Sports)
- USA TODAY Sports
The Houston Astros were viciously booed and taunted Tuesday night, but in the end they get the final laugh at Dodger Stadium.
- Miami Herald
“It’s purely political at its core.”
- In The Know
Woman allegedly catches her neighbor's disturbing behavior outside her window: 'Pretty sure this is illegal'
She said this is why she keeps her curtains closed.