{"id":7463,"date":"2015-06-13T16:16:00","date_gmt":"2015-06-13T16:16:00","guid":{"rendered":"https:\/\/test946983.live-website.com\/?p=7463"},"modified":"2020-01-29T00:06:58","modified_gmt":"2020-01-29T00:06:58","slug":"zimbabwe-dollar-to-be-demonetized-30-09-2015","status":"publish","type":"post","link":"https:\/\/banknotenews.com\/?p=7463","title":{"rendered":"Zimbabwe dollar to be demonetized on 30.09.2015"},"content":{"rendered":"\n
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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.
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In January 2009, Zimbabwe suspended the use of the Zimbabwe dollar following the legalization of foreign currencies (most notably the United States dollar and South African rand) to combat the hyper-inflation that quickly devastated the value of all Zimbabwean dollar-denominated notes.

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According to a press release dated 11 June 2015<\/a>, the Reserve Bank of Zimbabwe intends to complete the demonetization of the Zimbabwe dollar pursuant to Sections 41 (2) and 44 (3) of the Reserve Bank of Zimbabwe Act [Chapter 22:25].<\/p>\n

Beginning 15 June 2015, bank account balances denominated in Zimbabwe dollars will be converted into US dollars at a rate of 35,000,000,000,000,000 (quadrillion) to 1, and Zimbabwe banknotes will be converted into US dollars at a rate of 250,000,000,000,000 (trillion) to 1. The Zimbabwe dollar will lose its legal tender status on 30 September 2015.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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\u2026<\/a><\/span><\/p>\n","protected":false},"author":3,"featured_media":7462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,340],"tags":[45],"class_list":["entry","author-owen-linzmayer","post-7463","post","type-post","status-publish","format-standard","has-post-thumbnail","category-africa","category-banking","tag-zimbabwe"],"_links":{"self":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/7463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7463"}],"version-history":[{"count":3,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/7463\/revisions"}],"predecessor-version":[{"id":28058,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/7463\/revisions\/28058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/media\/7462"}],"wp:attachment":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}