There are 12 zeros in a trillion. This effectively froze the official exchange rate. 34,606 (18th) 22,410,101,039,302,100 (10th pm) 2,772,250.00 (29th) 25.34 (25th) 230.68 (3rd); 238.94 (6th) 687,860,375,011 (OMIR for 22nd); 8.94 (5th) During this time, it was subject to periods of above-average inflation, followed by a period of hyperinflation.[3]. 140,085.70 (9th) 2,904,111,111.11 (12th); 34.05 (5th) The use of foreign currencies was legalised in January 2009, causing general consumer prices to stabilise again after years of hyperinflation and price speculation. With immediate effect, bond notes and all electronic money, would be merged into a new currency to … 164,312,344,622 (OMIR for 30th)[148], 12,226,034,516.65 (1st); [12] The revaluation campaign, which Gideon Gono named "Operation Sunrise", was completed on 21 August 2006. 36,844,444 (23rd) 39.59 (2nd) 198.93 (13th) 67.52 (11th) 247,618 (25th) [13], The following year, on 2 February 2007, the RBZ revealed that a new (third) dollar would be released. 168,815,333.33 (5 May); 11,939,980,000 ‡; 25,137 (cash) ‡ (25th) The third dollar rates above are OMIR. 100,000 (6 January); 106,050 (19 January); 115,000 (20 January); 125,000 to 150,000 (25 January); 175,000 to 190,000 (24 February); 205,000 to 220,000 (3 March); 220,000 to 230,000 (13 April); 300,000 to 310,000 (25 May); 315,000 (9 June); 340,000 to 350,000 (16 June); 400,000 (21 June); 450,000 (1 July); 520,000 (9 July); Economists predict an unofficial rate of nearly ZWD 250,000 to the US dollar by mid-2006. 216,162,327,532,185 (4th pm) No funds can be transferred between banks, effectively aborting the parallel rates. 92.97 (18th) 360.64 (21st); 363.14 (22nd), For the currency currently used in Zimbabwe commonly known as the "Zimbabwean dollar", see, $500 note of the fourth Zimbabwean dollar. [37][38] In 2008, the inflation rate accelerated dramatically, from a rate in January of over 100,000%[39] to an estimated rate of over 1,000,000% by May,[40][41] and nearly 250,000,000% in July. 6,626.39 (11th) 18,681,527,512.36 (10th); 1,746,899,809 (OMIR for 3rd); 337,341,911.76 (21 May); 88.70 (17th) 24,000 (22nd[88]); PLEASE SEE OUR TERMS OF SALE FOR FULL DISCLAIMER. 13,000,000,000,000 (23rd)[179] Up to 2003, regular banknotes were issued, but as hyperinflation developed from 2003, the Reserve Bank issued short-lived emergency traveller's cheques. 1,200 to 1,300 (28 Sep) or 1,500 (29 September – high volume transactions)[66], 1,700 (6 November);[68] As a result, in both the official and parallel markets, the currency's value eroded rapidly over the years, and by July 2006, the parallel market value of the Zimbabwean dollar fell to Z$1,000,000 = GBP £1. 29.91 (27th) 324,446,338,775 (17th); [146] 266.40 (20th) 77.69 (15th) 86.15 (25th); 91.39 (26th) 70,547,871,952 (27th pm) 236,706,849.48 (14 May); 185.33 (20th) 69,484,070,056.18 (31st); 642,371,437,695,221,000 (17th pm) 13,856,763 (14th) [48][49] By late 2008, inflation had risen so high that automated teller machines for one major bank gave a "data overflow error" and stopped customers' attempt to withdraw money with so many zeros. 223.51 †; 375 ‡ (18th) There has been much confusion and grey area into what is a "novelty" in terms of Zimbabwe currency. 34,910,587,875 (OMIR for 23rd); 434,449,294.12 (27 May); 209.62 (30th); 213.07 (31st), 221.29 (1st); 225.83 (2nd) The exercise brought closure to the outstanding issue on the Zimbabwe dollar, further confirming the government's position that the local unit will not return anytime soon. 22,952,543,340 (23rd); 38,128.72 (21st) The ZWD is able to fluctuate (from its average rate) in a daily band of: 0% (under US$5 million); 1% (US$5 to 10 million); 1.5% (US$10 to 15 million); or 2% (exceeds US$15 million). Please update this article to reflect recent events or newly available information. Exporters will be required to exchange money at the central bank to receive the better rate. 4,605,736,200 (10th); 42.72 (3rd) Worn out or shredded by rats, one dollar notes are king in Zimbabwe, beset by a continuing economic crisis. The Government has maintained that the return of the Zimbabwe dollar will only be considered when key economic fundamentals, such as productivity in key sectors, have been achieved.[58]. The currency was scrapped a decade ago because of hyperinflation when prices were almost doubling every day. 2,045,021 (8th) In its 2014 mid-term monetary policy statement, the Reserve Bank of Zimbabwe (RBZ) said it would import special coins, known as Zimbabwean bond coins, to ease a shortage of change in the economy. 113,028,111,843 (OMIR for 4th); 62,761.43 (27th) Great gifts for currency collectors, economics buffs, or people that just like weird things. In June, the official rate became a crawling peg rate. 229.90 (16th) 4,500,000 (19th[128]); 345.12 (14th); 350.30 (15th) [18], As an official exchange rate became more unreliable, the WM/Reuters company introduced a notional exchange rate (ISO ZWN) which was based on Purchasing Power Parity utilising the dual listing of companies on the Harare (ZH) and London Stock exchanges (LN).[19]. 65,797,000,000 (7th);[146] 6,386,667 (5th) 332.26 (12th); 336.46 (13th) $129.95. 60,000 (12th[104]); 7,000 (27th[80]), 7,500 (1st[81]) [21] Due to frequent cash shortages and the apparently worthless Zimbabwean dollar, foreign currency was effectively legalised as a de facto currency on 13 September 2008 via a special program. 14,345,060,331.82 (3rd); 30,320.43 (19th) 2,400 (29 November);[70], 3,200 (11th[72]); [11], In October 2005, the current Governor of the Reserve Bank of Zimbabwe at the time, Dr. Gideon Gono, announced that Zimbabwe would have a new currency the following year, and new banknotes and coins would be produced. 20,000 (cash) (20th)[164] 297.21 (21st) A currency trader mends an old and worn 2 dollar bill at a busy market in Harare, in this Monday, Oct, 26, 2020 photo. Over time, hyperinflation in Zimbabwe reduced the Zimbabwe dollar to one of the lowest valued currency units in the world. 111,126.89 (5th) 140,251 †; 25,593.66 (18th) 22,000 †; 34,000 ‡ (16th) 2,443,676,912,678 (30th am) The main illustration on the obverse of all of the banknotes was the Chiremba Balancing Rocks in Epworth, Harare, which were used as a metaphor demonstrating the importance of balancing development and the preservation of the fragile environment. 126.11 (10th); 131.00 (11th) 217.72 (15th) 669,809,343,407 (OMIR for 31st); eBay sellers of Zimbabwe currency offer a large selection of Zimbabwe dollars as well as Zimbabwe bond notes for sale. 187,073,022.88 (6 May); 415,888,889 (27th) 3,524,549,987.29 (13th); The currency code for Dollars is ZWD, and the currency symbol is Z$. 11,000 (11th[84]); In January 2004, semiweekly (RBZ-controlled) currency auctions were set up to determine the official rate. 35,179,473,949,600 (3rd pm) Fresh new US dollar currency is not coming into the Southern African nation. 33,000 † (18th) The crown jewel of the 2008 AA series Zimbabwe Trillion Notes is the 100 Trillion Dollar note. [25][26] New banknotes were introduced with face values of Z$1, Z$5, Z$10, Z$20, Z$50, Z$100 and Z$500. 182,325,758,081,729 (7th am) 34,912.83 (20th) The hyperinflation was contributed by poor economic policies, unrestricted printing of currency notes and corruption. [citation needed]. 1,024.63 (6th) 592,416 (30th), 138.14 (1st) 20.08 (20th) 309.31 (30th), 315.23 (4th); 319.13 (5th) 430,000,000,000 (18th); [149] 138.46 (14th) Although the dollar was abandoned on 12 April 2009, exchange rates were maintained at intervals for some months. 5,787,585.19 (OMIR for 25th) 193,012,615,772,476 (6th am) 75–100,000 (13th[105]); 9,288,500,000 (17th); [25] Therefore, the fourth dollar (ZWL) is equivalent to 10,000,000,000,000,000,000,000,000, or 1×1025 or 10 septillion first dollars (ZWD) (or 1 trillion third dollars). Disclaimer: All Zimbabwe currency notes are demonetized and sold solely as collectibles. Use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009. [171]Old Mutual has not traded since 20 November, so no meaningful OMIR figures are available. 255,771,415.67 (16 May); 3,000,000,000,000 (15th)[177] 58.10 (9th) 12,000 – 17,500 (16th[85]); 30,000,000,000,000 (27th)[180] On 31 March 1999, the Official Exchange Rate was pegged at ZWD 38 per USD; the parallel market had re-emerged by December 1999. Cash: 50,000 (24th)[165] At the time of its introduction, the Zimbabwean dollar was worth more than the US dollar in the official exchange market, with 1 ZWD = US$1.47, although this did not reflect the actual purchasing power it held. 1,221,500,000 (4th); 5,090,337,736 (11th); 270,794 (24th) 4,651.33 (10th) 650,000,000,000 (22nd)[149] 63,761,761,010.94 (30th); 440 ‡ (26th) 32,000 (18th[98]); 10,148,113 (12th) On 1 August 2008, a second redenomination was conducted, in which 10,000,000,000 2nd dollars (ZWN) became 1 3rd dollar (ZWR). [20] Coins valued at Z$5, Z$10 and Z$25 and banknotes worth Z$5, Z$10, Z$20, Z$100, and Z$500 were issued in ZWR. 1,400,000 (24th[121]); [35][36], On 13 July 2007, the Zimbabwean government said that it had temporarily stopped publishing (official) inflation figures, a move that observers said was meant to draw attention away from "runaway inflation which has come to symbolise the country's unprecedented economic meltdown". 48,679,445,871.90 (25th); 176.33 (8th) 224,832,332.83 (13 May); Since October 2008 our national currency has become moribund". 18,237,844,841,170,300 (12th am) Mangudya told journalists in the capital on Tuesday that the as-of-yet-unnamed currency will have denominations of coins and notes with a maximum value of five Zimbabwe … 1,748,530.00 (23rd) 1,715,118 (6th) 10,594,701,303.45 (26th); [citation needed] However, in June 2006, it was decreed that, for a new currency to be viable, Zimbabwe had to first achieve macro-economic stability. 41.79 † (11th) 85,158 (3 January); 99,201.58 (24 January); 101,195.54 (28 April). 13,999,000,000 (18th); 750,000,000,000 (23rd); [146] 5,000,000 (21st[128]); 456,921,446,064 (OMIR for 30th); 65,059 †; 59,652 ‡ (22nd) 12,981,054,269,303,500 (12th pm) And so dealers buy the tattered notes and make profits off the black market. 916,918,295,246 (29th pm) [20] After 1 August 2008, 10 billion ZWN were worth 1 ZWR. 9,801,839,921.51 (25th); 34.83 (29th), 40.53 †; 51 ‡ (1st); 1,700 ‡ (29th), 49.23 (1st) [citation needed] ISO originally assigned a new currency code of ZWN to this redenominated currency, but the Reserve Bank of Zimbabwe could not deal with a currency change, so the currency code remained 'ZWD'. A "special rate" of 15,000 ZWD per USD was brought in on 26 April 2007. 139,534,966,792 (OMIR for 10th); 50,000,000 (16th)[162] 80,754 ‡ (23rd) 354.58 (19th); 357.48 (20th) 89,826.13 (3rd) The 1 cent coin was struck in bronze, with the others struck in cupro-nickel. 101.57 (22nd) 11,171,474 (13th) 205,000 (20th[106]); 17,883,023,378.58 (9th); The second dollar started off with an official rate of 250 and a parallel rate of 550 to the US$. [23][24] Despite redenomination, the RBZ was forced to print banknotes of ever higher values to keep up with surging inflation, with ten zeros reappearing by the end of 2008. 4,952,500,000.00 (17th); 271,593 † (26th) 510,000,000,000 (31st): [150], 142,024,433,315 (OMIR for 1st); [30] In his first budget, the Zimbabwe finance minister, Tendai Biti, stated "the death of the Zimbabwe dollar is a reality we have to live with. 25,000 (27th[89]); 619,334,351,928 (OMIR for 25th); 66,418,944 (16th) 30,577,532 (22nd) 5,730 (January); 6,200 (March); 9,000 (May); 10,800 (18 July); 17,600 (25 July); 24,500 (25 August); 26,003 (September); 26,003 (October); 60,000 (Nov); 84,588 (30 December), 6,400 (January); 14,000 (March); 20,000 (May); 25,000 (18 July); 45,000 (25 July); 45,000 (25 August); 75,000 (September); 80,000 to 100,000 (October); 90,000 (Nov); 96,000 (30 December), 24 August: Zimbabwean dollar becomes least valued currency unit. 8,399.31 (12th) 49,237.71 (25th) Zimbabweans are hoping to see more liquid cash in circulation following the release of new bank notes, Monday, by the country’s central bank. 100,000,000 (20th)[163] Instead, in August 2006, the first dollar was redenominated to the second dollar at the rate of 1000 first dollars to 1 second dollar (1000:1). 90,000 (cash) (29th)[166], 1,418,021 (1st) A 1 dollar bond coin was released in November 2016. 193,014,500,000 (14th);[146] 1,200,000 (cash) ‡ (24th), 12,405,270,255,015 (3rd am) The improved exchange rate will be applied to miners, farmers, tour operators, non-governmental organisations, embassies, Zimbabweans living abroad that repatriate earnings, and others who generate foreign exchange. 62.47 (10th) [185], 22.00 (3rd); 24.51 (4th) 8,676,674 (8th) 7,039,188,034 (30th), 40,000,000,000 (12th)[176] 1,365,130,333.33 (9th); 134.92 (12th); 138.58 (13th) 22,835,153,651 (24th); 4,311 (3rd) 420 ‡ (19th) ", "Budget likely to show Mugabe's desperation", "Zimbabwe Teachers Can't Afford to Report for Work", "The United Nations Operational Rates of Exchange", "Zim trims 12 zeroes from trillion dollar note", Saint Helena, Ascension and Tristan da Cunha, https://en.wikipedia.org/w/index.php?title=Zimbabwean_dollar&oldid=997666569, Currencies of the Commonwealth of Nations, Articles with dead external links from May 2016, Articles with unsourced statements from March 2017, Wikipedia articles in need of updating from February 2020, All Wikipedia articles in need of updating, Articles with unsourced statements from August 2013, Articles needing additional references from January 2018, All articles needing additional references, Articles with German-language sources (de), Creative Commons Attribution-ShareAlike License, $1, $5, $10, $20, $50, $100, $500, $1 000, $1,000,000,000,000, 1, 5, 10, 20, 50 cents, 1, 2, 5, 10, and 25 dollars, 98.0% per day in mid-November 2008 or 8.97, Z$ tied to basket of FRF, DEM, ZAR, CHF, GBP, USD, 18 April 1980 – Independence (1 Z$ = 1 R$), Flexible basket; dual rates; 20% tax on outgoing payments, Floating official rate (1 July) ; dual rates; ZWD devalued by 17%, floating official rate; dual rates; rates unified 1998 (Dec). 20,000 (8th[93]); 6,240,837.51 (OMIR for 21st) In fact, Zimbabwe’s economy is so deindustrialized and for the given moment not even a little improvement is expected. 128,734.67 (8th) 20,170,317,159.13 (14th); 44,182.50 (24th) 50,000 (29th[102]), 55,000 (3rd[103]); 40,000,000,000,000 (28th)[181] 44,796,944 (26th) Then a cross rate calculation is done for the USD rate. Then in 2016, Zimbabwe introduced bond notes as a surrogate currency which initially had equal value to the US dollar but today it trades at 1:15 with the greenback. 17,039,490,724 (OMIR for 20th); 288,072,000,000 (16th);[146] 13.19 (13th) REUTERS/Philimon Bulawayo. 1,105,887,222.22 (6th); 230 ‡ (15th) Hyperinflation in 2009 made the government abandon their local currency and switch to the American dollar. 380 (Jan) to 710 (Jun), 1400 (Jul) to 1740 (Oct) to 1400 (Dec), 1400 (Jan); 1450 (Feb); 2300 (May); 3000 (Jul); 6000 (Aug); 6400 (Oct); 6000 (Nov), In February 2003, the Official Exchange Rate was re-pegged at ZWD 824 per US $, 824 (1 January); 4196 (12 January) to 5730 (Dec). 38.35 (4th) 25,384 (11th) Like the original 1980 coins, these special coins would be denominated in 1, 5, 10, 20, and 50 cents, but would have values at par with US cents. 190 ‡; 64.12 † (14th) 8,000 (2nd[82]); [53] The move led to a sharp drop in the usage of the Zimbabwean dollar, as hyperinflation rendered even the highest denominations worthless. 1,220,071,643 (21st) 380,000,000,000 (18th); [146] If you have any questions, concerns or suggestions we're availible around the clock to take care of your needs. 45,000 (24th[101]); 25,599,608 (21st) 1,000,000 (19th[118]), 1,200,000 (1st[119]); The first Zimbabwean dollar was introduced in 1980 and replaced the Rhodesian dollar at par. [50], In June 2008, U.S. officials announced they would not take any action against Giesecke & Devrient (G&D). 132.25 (30th), 2,000 †; 2,498 ‡ (1st); 3,641,246.00 (30th) 216,528,794.21 (12 May); On 2 February 2009, a third redenomination took place, in which the RBZ removed 12 zeros from the currency, with 1,000,000,000,000 (third, ZWR) Zimbabwe dollars being exchanged for 1 new (fourth, ZWL) dollar. After the Zimbabwean dollar was suspended indefinitely from 12 April 2009, euro, United States dollar, "U.S. won't punish Giesecke+Devrient over Zimbabwe aid,", Learn how and when to remove this template message, "Current currency & funds code list (Table A.1)", "New Hyperinflation Index (HHIZ) Puts Zimbabwe Inflation at 89.7 sextillion percent", "On the Measurement of Zimbabwe's Hyperinflation", "Zimbabwe ditches its all but worthless currency", "Demonetisation: DPC settles closed banks Zim dollar accounts", "Zimbabwe to make Chinese yuan legal currency after Beijing cancels debts", "RBZ seeks international recognition for Zimdollar", "As Inflation Soars, Zimbabwe Economy Plunges", "S&P's Sub-$10 Club, Lexmark's Buy, Zimbabwe's Dollar: Timshel", "Devaluation is 'too little, too late' to save Zimbabwe", "Zimbabwe devalues currency; 10B becomes 1 dollar", "Mugabe says might declare state of emergency over prices", "Final humiliation for Zimbabwe dollar as foreign currency legalised", "Zimbabwe shops stop accepting local currency", "Zimbabweans Turn to U.S. Dollar as Hyperinflation Erodes Value of Local Currency", "Zimbabwe removes 12 zeros from currency", "Zimbabwe removes 13 zeroes from currency", "Banks redeem treasury bills woo depositors", "Revised budget dashes infrastructure repair hopes", "Zimbabwe dollar shelved 'for at least a year, "Inflation hits a record high in Zimbabwe", "Harare suspends release of inflation data", "Inflation hits one million percent as prices continue to skyrocket", "Zimbabwe annual inflation over 100,000 per cent", "Zimbabwe: Gono ordered to print Z$1 Trillion for Civil servants and Army", "Mugabe says will print more money if there isn't enough", "RBZ provides $3 trillion for vote buying", "Giesecke & Devrient halts deliveries to the Reserve Bank of Zimbabwe", "Giesecke+Devrient Halts Deliveries to the Reserve Bank of Zimbabwe,", "Press Statement: Demonetisation of the Zimbabwe Dollar", "That'll be 175 quadrillion Zimbabwean dollars, please", "175 Quadrillion Zimbabwean Dollars Are Now Worth $5", "Banks pay out $7m in Zim dollar compensation", "Daily Interbank Exchange Rates Z$ per US$", "Wave of price hikes dampen hopes for recovery", "Zimdollar takes heavy knock on black market", "Foreign currency parallel market rates shoot up", "Devaluation Talk Pushes Zimbabwe Dollar Down To Z$4,200 To USD", "Analysis: Mugabe pressure rises as Zimbabwe economic woes spread", "Zimbabwe central bank to devalue dollar", "Little cheer from new Z$50 000 banknote in Zim", "Mugabe under threat from within his collapsing state", "Inflation forces citizens into mafia economy", "Inflation to hit 5,000 percent mark this year: IMF", "Opposition in Zimbabwe Mounts, Says U.S. The Zimbabwean dollar was effectively abandoned as an official currency on 12 April 2009, when the Economic Planning Minister Elton Mangoma confirmed the suspension of the national currency for at least a year. 969,647,058.82 (5th); 170.39 (20th); 177.25 (23rd) [33][34], All four issues of the Zimbabwean dollar experienced high rates of inflation, although it was not until the early 2000s that Zimbabwe started to experience totally unsustainable hyperinflation. 8,260,031,632.83 (23rd); 274,200,889,709 (15th);[146] The currency code for Dollars is ZWD, and the currency symbol is Z$. 100,000,000 (26th[140]), 30,000 (to 4 May); The consequence is that Zimbabwe is the only country where currency of other countries is more acceptable than their own currency. (Source[141]), 53,049,500,000 (1st);[146] 83.57 (16th) The low value of the national currency indicates that the economy of Zimbabwe currently is in front of a big crisis. 749.47 (26th) 5,085 (4th) However, with inflation still exceeding 1000%, the banknotes were kept in storage. 13,350,764,705.88 (2nd); [31] In late January 2009, acting Finance Minister Patrick Chinamasa announced that all Zimbabweans would be allowed to conduct business with any currency, as a response to the hyperinflation crisis. Cash: By July 2008 the exchange rate with US$ had reached (parallel rate) 500 billion to 1 US$, leading to a second redenomination. 35,000 (15th[95]), 28,000 (10th[97]); 233,621,089,202 (28th am) 4,894,167.00 (31st), 2,000,000 (cash)‡ (2nd)5,300,000 (cash)‡ (4th)10,000,000 (cash) (5th)[172]25,000,000 (cash) (9th)[173]30,000,000 (cash)‡ (10th); 580,000,000 (28th); 30,000,000,000,000 ‡; 851.74 (4th) 460 †; 3,047,030,834 (OMIR for 4th); At the same time, the currency was devalued against the US dollar, from 101000 first dollars (101 once revalued) to 250 second dollars, a decrease of about 60% (see exchange rate history table below). It was redenominated 3 times until its eventual collapse in 2009 due to hyperinflation caused by the unregulated printing of money, the Land reform program, and government involvement in the Second Congo War under Mugabe. 11,000 (cash) (11th)[161] 868.71 (27th) It was estimated that some ten trillion old Zimbabwe dollars (22% of the money supply) were not redeemed during this period. It was redenominated three times (in 2006, 2008 and 2009), with denominations up to a $100 trillion banknote issued. 18,888 (15th) 25,000,000 (5th[134]); 35.34 (9th); 38.80 (10th) 5,000,000,000,000 ‡(21st) Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya. 555,000,000,000 (25th): [150] ZIMBABWE CURRENCY IS DEFUNCT AND NOT LEGAL TENDER ANYWHERE. 316.56 (22nd) 251,649,721,203,565,000 (17th am) 38,000 (20th[99]); 266,075 (26th) The much-awaited local currency, in denominations of $2 notes and coins, and a $5 note, hit most of the country’s commercial banks, with the public expected to start accessing the notes Tuesday. ZIMBABWE NOTES HAVE NO CURRENCY VALUE. 1,330.10 (28th) 6,412,613,315 (13th); 26,000 (29th[90]), 30,000 (1st[91]); If you've wondered what a Zimbabwe One Hundred Trillion Dollar Banknote looks like, you have come to the right place. 100,330.21 (4th) 114.61 (25th) 118.76 (26th) 1,000 (25th)[158], 3,362 (1st) 325,110,110,211 (16th);[149] Due to the Dec 2007, banknote shortage, funds transferred via Electronic Funds Transfer Systems (EFTS) bore a premium rate of about $4 million, while the cash transaction rate varied around $2 million. 74.86 (13th) The RBZ's statement did not specify when or where these coins would be imported from, but a later report on 26 November 2014 clarified that over $40 million worth of these coins were expected to be delivered within the next week from Pretoria. 236,850,692,832 (OMIR for 15th); 580,678,132.35 (30 May) 135,368 ‡ (24th) 54,036,639,077.74 (28th); In 1980, coins were introduced in denominations of 1, 5, 10, 20, 50 cents, and 1 dollar. Get the best deals on Zimbabwe Banknotes when you shop the largest online selection at eBay.com. 15,273,676 (15th) 400,000 (23rd[108]), 250,000 (7th[112]); 241,421,049,361 (OMIR for 16th); 9,326,444 (9th) ", "Zimbabwe currency crashes; inflation as high as 9,000%", "Zimbabwe dollars rejected as currency crashes", "Zimbabwe in disarray over inflation fight", "Water shortages spur sharp rise in diarrhea, dysentery in Zimbabwe", "Zimbabwe devalues currency to 30,000/dlr", "Zimbabwe Food, Transport Prices Soar While Local Currency Tumbles", "Zim opposition wants police prosecuted for torture", "1 U.S. dollar buys 1 million Zimbabwe dollars on black market", "Asylum-seekers face deportation from UK", "Zimbabwe Dollar Crashes on Central Bank Plan To Issue New Notes", "Cash-Poor Zimbabweans Turn To Parallel Market To Procure Bank Notes", "Zimbabwe Cash Crisis Eases But Local Currency Value Heads South", "Old Mutual Implied Rates (OMIR) as at 25 January 2008", "Dollar tumbles again, as one US unit trades at Z$20 million", "Zimbabwe currency tumbles to record 25 million Zimbabwe dollars for one American dollar", "No let up in Zim crackdown on reporters", "Zimbabwe commercial bank eases foreign exchange rules", "Zimbabwe's currency gets more threadbare", "The Reserve Bank of Zimbabwe caves in to black market pressure", "Send money to friends and family in Zimbabwe", "World Currencies: Europe/Africa/Middle East", "FXConverter – Currency Converter for 164 Currencies", "Zimbabwe redenominates currency to ease crisis", "Zimbabwe: RBZ Suspends RTGS Payment System", "Reserve bank reinstates electronic transfers", "Is this the end of Zimbabwe's $1000 loaf of bread? 529,336,764.71 (29 May); 19,489,294,117.65 (11th); 2,159,000,000 (6th); 110 ‡ (13th) 145.62 (2nd) 1,780.04 (29th). 10,000 (8th[83]); 121,013,052 (17th) 27,164,677,690.87 (18th); Many could have mistaken plans by the Reserve Bank of Zimbabwe (RBZ) to introduce new notes and coins next week for the introduction of a completely new currency which is not the Zimbabwe dollar. Zimbabwe experienced a period of hyperinflation spanning a few decades that culminated in 2008 with the introduction of the 100,000,000,000,000 banknote. Traders in Zimbabwe have resorted to repairing old US dollar notes for desperate customers. 11,378,472,550.24 (30th) Zimbabwe 100 Trillion Dollars ( AA/2008, P-91, UNC, 1 piece ... (100 NOTES) $15,995.00. This program officially allowed a number of retailers to accept foreign money. Those reported rates generally reflected the Official Rate as shown in the above table. The Reserve Bank of Zimbabwe responded to the dwindling value of the dollar by repeatedly arranging the printing of further banknotes,[43][44][45][46][47] often at great expense from overseas suppliers. 143.42 (16th); 150.52 (17th) 8,500,000 (18th[132]); 78,479,941,887 (OMIR for 24th); 21,460,313,914.03 (15th); 102,351,000,000 (8th);[146] 120,000 (16th[16]); 557,362 (29th) The $1 notes are used by many people to buy their daily bread and other small purchases. 2,691,588,425 (7th); 340,000 (18th[114]); 500,000 (26th[115]); 600,000 (29th[116]), 750,000 (17th[117]); 5,137,128,498 (12th); 509,148,077,013 (29th am) 249.40 (9th); 255.19 (14th) 34,749,797,812.59 (22nd); This table shows in more detail the historical value of one US dollar in Zimbabwean dollars: In the first redenomination of 1 August 2006, 1000 ZWD were exchanged for 1 second dollar (ZWN). 850 (14 September);[65] 167.68 (7th) Diplomat", "Mugabe fighting for political life in behind-the-scenes ruling party power struggle", "Zimbabwe Dollar in New Downward Spike Against Major Currencies", "Mugabe faces the music in Tanzania as police launch mass arrest of opponents", "Black Market Economy Thrives in Zimbabwe", "Zimbabwe Devalues Currency by 98% to Boost Exports", "Golden leaf fails to boost forex earnings", "How life goes on for the super rich of Zimbabwe", "As services collapse, corruption flourishes", "Zimbabwe targets 25 pct mth/mth inflation by year-end", "Children left at home pay the price of migration", "Will the economic collapse be the end of Mugabe? ZSE chief executive Emmanuel Munyukwi revealed that a large number of multi-quad-, quin-, and sextillion cheques had bounced. 134,838,399,549,100 (6th pm) 27,157,406,063,618,700 (11th pm) Crisp new notes are not coming into Zimbabwe, so enterprising traders are repairing old ones for desperate customers. A similar practice was used in other Commonwealth countries such as South Africa, Australia, and New Zealand. Official exchange rate was changed to 30,000 on 7 September 2007. 550 (1 August); 650 (3 August); 650 to 700 (24 August), 1 August: RBZ revalues the Zim dollar. 6,600 (23rd[79]); 100 Trillion Zimbabwe Dollar Banknote AA 2008, 50 Trillion Zimbabwe Dollars Banknote AA 2008, 10 Trillion Zimbabwe Dollar Banknote AA 2008, 20 Trillion Zimbabwe Dollars Banknote AA 2008, 50 Billion Zimbabwe Dollars Banknote AA 2008, 500 Million Zimbabwe Dollars Banknote AA 2008. 13,583 (8th) 404,294.50 (12th) 8.11 (4th) 507.24 (28th) 108.01 (4th); 113.12 (5th) On 30 July 2008, the dollar was redenominated and given a new currency code of ZWR. 495,932,559,520 (OMIR for 23rd); [141], 971,500,000 (1st); 4,300 † (3rd) 303,753,731.48 (20 May); 61 ‡ (2nd) [154] On 3 October 2008, the Reserve Bank of Zimbabwe temporarily suspended the Real Time Gross Settlement (RTGS) system, halting electronic parallel market transfers,[155] but it was reinstated on 13 November 2008.[156]. A 2-dollar coin was introduced in 1997. 204,565,727.39 (8 May); The Zimbabwe Dollar (ZWD) was established to replace Rhodesian Dollar and to signify the nation’s independence from the UK in 1980. 25,389,017,580.37 (17th); 294.18 (24th); 306.68 (29th) [5][55] The Zimbabwean government stated that it would credit 5 US dollars to domestic bank accounts with balances of up to 175 quadrillion Zimbabwean dollars, and that it would exchange Zimbabwean dollars for US dollars at a rate of US$1 to 35 quadrillion Zimbabwean dollars to accounts with balances above 175 quadrillion Zimbabwean dollars. 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