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Zimbabweans wash dirty U.S. notes
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Zimbabweans wash dirty U.S. notes | dollarisation, zimbabwe currency

lex Mupondi hangs one dollar notes on a drying line after washing them in Harare, Zimbabwe. AFP photo
MANY people in Zimbabwe have resorted to washing U.S. bank notes as they have become too dirty and smelly to handle.

The country is in desperate need of new bank notes and these are likely to be seen on the streets as Zimbabwe has no official currency use deal with the U.S. This means that all notes that circulate in the country emanate from Bueaux de Change, local banks or from unofficial sources.

U.S. bank notes often change hands until they fall apart.

Some have become almost too smelly to handle, so some people and businesses put their U.S. dollar bills, especially low denomination ones, through the spin cycle and hanging them up to dry with clothes pins alongside sheets and items of clothing.

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Because the country cannot meet the U.S. dollar supply demand, the lifespan of a dollar far exceeds the intended life span or what the U.S. Federal Reserve intends.

Zimbabwe's inclusive Government officially declared the U.S. dollar legal tender last year to tame hyperinflation.

The U.S. Federal Reserve destroys about 7,000 tons of worn-out money every year. It says the average $1 bill circulates in the United States for about 20 months.

Larger denominations coming in through banks and formal import and export trade are less soiled.

This news comes as businesses in parts of the country have expressed concern that the country does not have its own currency.

Businesses in remote parts of the country do not have access to the elusive U.S. dollars and no coins to use as change.

Former Acting Minister of Finance Patrick Chinamasa had suggested that the U.S. dollar be used as legal tender concurrent with the local currency, inorder to facilitate transactions.

The present Minister of Finance Tendai Biti reversed the policy and completely abolished the use of the Zimbabwean dollar.




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Member Opinions:
By: vicegrip on 7/7/10
are they aware that there are rumours that SA was flooded with counterfeit dollar notes just prior to the World Cup?
They could be washing forgeries!
My friend visited two months ago and his US$100 bill had a slight tear in it and the security guard at Avondale supermarket called the cops who immediately claimed it as a forgery and promptly confiscated it.
i told him he was stupid to take in a US$100 bill in the first place! no one ever has change for big bills - even in this place Have you ever tried changing a £50 note? As they are often forged we not allowed to accept them at the tills where I work.

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