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…
There’s an excellent article in The Wall Street Journal about how Zimbabwe’s large-denomination banknotes are selling well to collectors as well as the general public curious about the huge number of zeros on these inflationary issues. Courtesy of Abdullah Beydoun.Read More…
The Rhodesia-Zimbabwe chapter of the International Bank Note Society has just published the 15th issue of its newsletter as a PDF. Anyone with an interest in joining this topical chapter is encouraged to write to Steve Milner for details. The newsletters are a wonderful resource for anyone who collects notesRead More…
Like B167a, but instead of plain paper, this variety is printed on lined paper. Courtesy of Andrew Roberts.Read More…
Like B165a, but printed on paper with horizontal lines. The only other denomination observed printed on lined paper is the 20,000-dollar note (B164b). Based upon the serial numbers reported so far, it appears the $20,000 note was first printed on lined paper, then switched to plain paper, whereas the $50,000Read More…
According to a BBC News article dated 12 April 2009, Zimbabwe has suspended the use of the Zimbabwe dollar for at least a year following the legalization of foreign currencies (most notably the United States dollar and South African rand). “There was nothing to support the value of the ZimbabweanRead More…
According to a BBC News report dated 29 January 2009, while delivering the annual budget to parliament, acting Finance Minister Patrick Chinamasa announced, “In line with the prevailing practices by the general public, [the] government is therefore allowing the use of multiple foreign currencies for business transactions alongside the ZimbabweanRead More…