“Conversation with RBZ (Reserve Bank of Zimbabwe)” by KT Simmons – 4.22.21


Entry Submitted by KT Simmons at 12:55 AM EDT on April 22, 2021

Hi all,

My associates and I had an interesting conversation with representatives of RBZ over a zoom call regarding a project my team is working on with a few companies in Zimbabwe. During the break we had the pleasure to ask them about the Zims and what is the actual value of it now. 200quads for 5usd is their offer its no longer considered legal tender. From what i heard they are buying it only for the paper the note is printed on. They can reuse it to print the current RTGS dollar(current legal tender of Zimbabwe). Whoever who paid alot more to buy it must really be crying right now.

Regarding the possibility of reusing the zims and revaluation, we were given an hour lecture of why that is impossible. They also sighted kuwaiti dinar as an example and if you really look into it they did not revalue. They merely accepted the old tender and gave new ones.. 1000s to 1. So assuming zims will become legal tender again one day and if 1 new zim = 1 usd they will take your 100 trillion note and give you 1 zim which is = 1 usd. And not 100 trillion zims = 100 trillion usd. Thats what kuwait did.

Think again on the social economic and global impact if any country’s currency is suddenly worth 1000x more than what it is right now. Its just not possible at all. If everything stops at tier4 maybe it still possible but not for tier5 public.

Have a thought. Happy for anyone to state otherwise.

KT Simmons


If you wish to contact the author of any reader submitted guest post, you can give us an email at and we’ll forward your request to the author.

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2022 Dinar Chronicles



Please enter your comment!
Please enter your name here