Money left in Zimbabwe
Discussion
Afternoon
A bit of an odd specialist question...
My father in law is English, as were his parents. He spent most of his early childhood in Zimbabwe though as his dad was based there for work.
He says that when they moved back to the Uk, it was a rule that they had to leave 1/3 of their money in the bank in Zimbabwe.
Apparently it is still there now.
So the question is, as they moved back to the UK about 50 years ago, and his dad passed away decades ago as well, is there a way of him getting the money?
He knows it was a Barclays account, but has no other details of it.
Any help would be appreciated!
Thanks
A bit of an odd specialist question...
My father in law is English, as were his parents. He spent most of his early childhood in Zimbabwe though as his dad was based there for work.
He says that when they moved back to the Uk, it was a rule that they had to leave 1/3 of their money in the bank in Zimbabwe.
Apparently it is still there now.
So the question is, as they moved back to the UK about 50 years ago, and his dad passed away decades ago as well, is there a way of him getting the money?
He knows it was a Barclays account, but has no other details of it.
Any help would be appreciated!
Thanks
Edited by elise2000 on Friday 7th May 17:49
You've got the two cliche Hopes. Yours isn't going to be Bob.
Even with high interest rates the effect of inflation will have eroded any untended bank deposit cash to nothing. That is assuming the relevant authorities would even entertain your request for it.
Unless it was a very, very large sum at the time I would forget about it.
Even with high interest rates the effect of inflation will have eroded any untended bank deposit cash to nothing. That is assuming the relevant authorities would even entertain your request for it.
Unless it was a very, very large sum at the time I would forget about it.
Inflation serious ? zimbabwe , perhaps the most worthless and devalued currency in any part of the universe . what is it...they devalued over time ( say since the rhodesian dollar ) , 10 to power of 25 since then. Trillion dollar notes etc...and those wouldn't buy a cigarette
This story would be now a distant artifact of family history and prudence in getting out of there when going was good.
This story would be now a distant artifact of family history and prudence in getting out of there when going was good.
PM3 said:
Inflation serious ? zimbabwe , perhaps the most worthless and devalued currency in any part of the universe . what is it...they devalued over time ( say since the rhodesian dollar ) , 10 to power of 25 since then. Trillion dollar notes etc...and those wouldn't buy a cigarette
This story would be now a distant artifact of family history and prudence in getting out of there when going was good.
Indeed, it's hard for us to comprehend the level of inflation seen in Zimbabwe but try this... the two notes below entered circulation less than 6 months apart in 2008/9:This story would be now a distant artifact of family history and prudence in getting out of there when going was good.
elise2000 said:
Afternoon
A bit of an odd specialist question...
My father is English, as were his parents. He spent most of his early childhood in Zimbabwe though as his dad was based there for work.
He says that when they moved back to the Uk, it was a rule that they had to leave 1/3 of their money in the bank in Zimbabwe.
Apparently it is still there now.
So the question is, as they moved back to the UK about 50 years ago, and his dad passed away decades ago as well, is there a way of him getting the money?
He knows it was a Barclays account, but has no other details of it.
Any help would be appreciated!
Thanks
Your dad's account will now be with First Capital Bank, if the account is still openA bit of an odd specialist question...
My father is English, as were his parents. He spent most of his early childhood in Zimbabwe though as his dad was based there for work.
He says that when they moved back to the Uk, it was a rule that they had to leave 1/3 of their money in the bank in Zimbabwe.
Apparently it is still there now.
So the question is, as they moved back to the UK about 50 years ago, and his dad passed away decades ago as well, is there a way of him getting the money?
He knows it was a Barclays account, but has no other details of it.
Any help would be appreciated!
Thanks
I've no idea how much was in the account. At the time I believe a lot. Quite likely worthless now as people have suggested.
Maybe I'll do a little more digging into it, just in case!
He's mentioned it a few times recently, so it would be nice to tell him an outcome one way or the other.
Maybe I'll do a little more digging into it, just in case!
He's mentioned it a few times recently, so it would be nice to tell him an outcome one way or the other.
Sadly been there, done that. There's a reason when Mugabe threw out the predominantly English, white ex-Rhodesian civil service (and others) in the late 1970's that many, many of them boarded the plane dripping with diamonds, pearls and rather lovely gold bracelets, necklaces etc. Any money left was deemed even then to be worthless.
One chap I knew received a Zimbabwean civil service pension in the UK which by the late 1990's was so valueless that the exchange cost of bringing the money in rendered it a net monthly loss.
Good luck, but expectation management will be key here!
One chap I knew received a Zimbabwean civil service pension in the UK which by the late 1990's was so valueless that the exchange cost of bringing the money in rendered it a net monthly loss.
Good luck, but expectation management will be key here!
MercScot said:
Sadly been there, done that. There's a reason when Mugabe threw out the predominantly English, white ex-Rhodesian civil service (and others) in the late 1970's that many, many of them boarded the plane dripping with diamonds, pearls and rather lovely gold bracelets, necklaces etc. Any money left was deemed even then to be worthless.
One chap I knew received a Zimbabwean civil service pension in the UK which by the late 1990's was so valueless that the exchange cost of bringing the money in rendered it a net monthly loss.
Good luck, but expectation management will be key here!
That’s worth knowing, thanks.One chap I knew received a Zimbabwean civil service pension in the UK which by the late 1990's was so valueless that the exchange cost of bringing the money in rendered it a net monthly loss.
Good luck, but expectation management will be key here!
Really no expectations, so won’t be disappointed!
MercScot said:
Sadly been there, done that. There's a reason when Mugabe threw out the predominantly English, white ex-Rhodesian civil service (and others) in the late 1970's that many, many of them boarded the plane dripping with diamonds, pearls and rather lovely gold bracelets, necklaces etc.
It wouldn't be the first time. Of one of my (very) distant relatives fleeing from the Bolsheviks in 1917: 'Like many other White Russians they found their way to Paris, penniless apart from the jewels sewn into the hem of Vera's petticoat.'Gassing Station | Finance | Top of Page | What's New | My Stuff