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…
At the beginning of this week, the Reserve Bank of Zimbabwe introduced 20- and 50-billion-dollar notes, and today, just four days later, it has unveiled even larger, record-breaking denominations: 10-, 20-, 50-, and 100-trillion-dollar notes. The 10-trillion-dollar note is going into circulation immediately (16 January 2009), with the others toRead More…
On 12 January 2009, the Reserve Bank of Zimbabwe introduced another pair of new high-denomination notes, coinciding with the lifting of withdrawal restrictions this week. The design of the new 20-billion-dollar note includes the Chiremba balancing rocks in Epworth on the front. The back depicts the RBZ headquarters building andRead More…
In what seems to be a weekly occurrence, the Reserve Bank of Zimbabwe introduced another batch of new high-denomination notes on 19 December 2008, in a futile attempt to keep ahead of the highest inflation in the world (officially at 231 million percent, but independent estimates are 500 quintillion percent).Read More…
On 14 December 2008, the Reserve Bank of Zimbabwe introduced two new high-denomination notes. B172 (P81): 200,000,000 dollars (demonetized 30.09.2015) Brown. Front: English text; Chiremba balancing rocks in Epworth; stylized grains and cow in underprint; Zimbabwe bird in OVI. Back: English text; Cathedral of St. Mary & All Saints andRead More…
On 6 December 2008, the Reserve Bank of Zimbabwe announced it plans to introduce a 200-million-dollar note. This news comes just two days after the bank issued three new notes, the largest of which is a 100-million-dollar note. No word yet on when the new higher denomination will be issuedRead More…
On 4 December 2008, the Reserve Bank of Zimbabwe introduced 10-, 50-, and 100-million-dollar notes, although it’s been reported that the notes were available on the foreign currency market a day prior to their official introduction. The bank also increased the daily cash withdrawal limit to 50 million dollars forRead More…
On 5 November 2008, the Reserve Bank of Zimbabwe introduced 100,000-, 500,000-, and 1,000,000-dollar notes. “In the measures underway, the Reserve Bank plans to introduce a number of new, higher denominations; review the cash withdrawal limits, as well as commence aggressive campaigns for increased usage of alternative means of payment,”Read More…
On 13 October 2008, just two weeks after issuing 10,000- and 20,000-dollar notes, the Reserve Bank of Zimbabwe has introduced a new, even higher denomination, the 50,000-dollar note. B165 (P74): 50,000 dollars (demonetized 30.09.2015) Green. Front: English text; Chiremba balancing rocks in Epworth; Zimbabwe bird in OVI. Back: English text;Read More…
On 29 September 2008, less than two months after revaluing its currency and issuing a new series of notes in which the highest denomination was 1,000 dollars, Zimbabwe issued 10,000- and 20,000-dollar notes. These notes were printed locally by Fidelity Printers in Bulawayo. The 10,000-dollar appears to be printed onRead More…