On 14 February 2017, The Economist posted an excellent article entitled Zimbabwe’s new “bond notes” are falling fast that presents a first-hand look at how Mugabe’s new bond notes are actually being used in real life. It appears we may be seeing the seeds of a new round of inflationRead More…
From images circulating online, it appears the Reserve Bank of Zimbabwe has introduced a new 5-dollar bond note (B191a), several months after introducing a similar 2-dollar bond note (B190a). Courtesy of Jacek.Read More…
B190 (P99): 2 dollars Green and brown. Front: English text; Chiremba balancing rocks in Epworth; Zimbabwe bird on star as registration device. Back: English text; Zimbabwe bird on star; Eternal Flame of Independence monument and Parliament House in Harare. Windowed security thread with demetalized RBZ. Watermark: Zimbabwe birdRead More…
BBC News has a great video here showing the new bond notes in use by the public in Zimbabwe. According to a press release dated 26 November 2016: PRESS STATEMENT ON THE INTRODUCTION OF BOND NOTESThe Reserve Bank of Zimbabwe is pleased to advise the nation of the introduction ofRead More…
In late 2016, cheques began to appear on the collector market in amounts from Z$5 million to Z$50 billion. These notes are suspect because the denominations greatly exceed amounts needed during 2003 and 2004, the dates on these cheques, when the largest Reserve Bank of Zimbabwe travellers cheque (B118) wasRead More…
According to an article in The Herald dated 1 November 2016, Zimbabwe’s President Robert Mugabe has gazetted Statutory Instrument 133 of 2016, providing the legal framework for the introduction of bond notes and coins as legal tender. The new currency is expected to circulate at par with the US dollarRead More…
According to a press release dated 4 May 2016, the Reserve Bank of Zimbabwe, blaming a cash shortage of US dollars on the strength of the US dollar, intends to convert all USD exchange receipts into South African rand and euros in an effort to “spread the demand for cashRead More…
According to an article in The Guardian dated 21 December 2015, “Zimbabwe has announced that it will make the Chinese yuan legal tender after Beijing confirmed it would cancel $40m in debts.” Zimbabwe stopped using its own dollar currency in 2009 after years of hyperinflation, and replaced it with theRead More…
The 100-trillion-dollar note (B182a) shown above was the largest denomination ever issued by Zimbabwe in 2009; it’s worth a mere US$0.40 in 2015, and will soon be worthless.In January 2009, Zimbabwe suspended the use of the Zimbabwe dollar following the legalization of foreign currencies (most notably the United States dollarRead More…
We’re looking for information about this bearer cheque (B182.5a). It’s payment clause stipulates “Pay the bearer on deman on or before 30th June 2009.” Issue date is listed as 1st August 2008, which corresponds to Zimbabwe’s revaluation when they struck 10 zeros from the dollar. However, the $20Read More…