"Re: Fairly New, ZIM Question" - One Who Knows - 2.16.17

Entry Submitted by One Who Knows at 11:41 AM EST on February 16, 2017



RE: Fairly New, Zim Question

Question about how the value of your zim is calculated.

As we understand it now, all 2008 zim dollars will be accepted, no matter the denomination (size).

#1) You would add together all the zim you have, in the same way you would add together all the USD you have in your wallet.

#2) You will then be offered a "Rate" per zim by the Bank. You simply multiply that rate times all the zim you have (all added together) and that is how much total USN (The new American Money) you will have in your account.

Importantly, you may ask for even better rates (higher) based on any Humanitarian projects you may have in mind. That higher rate could be thousands of times higher than the street rate.

Signed: One Who Knows

Reference Post:
Fairly New