40,000,000,000,000 (28th)[181] News; Currency dealers in Zimbabwe are repairing old US dollar notes. 2,000,000 (4th[126]); 2. 841,881 (2nd) 4,000 (cash) (3rd)[160] 167.68 (7th) 95.42 (27th), 99.67 (2nd); 103.29 (3rd) 32.05 (28th) 101.57 (22nd) 5,700 ‡; 7,500[157] (5th) Source: Currency dealers in Zimbabwe are repairing old US dollar notes – CCE l ONLINE NEWS M any African economies were brought to a near standstill following COVID-19 lockdown. Dealer of quality collectible world banknotes, fun notes and banknote accessories serving collectors around the world. On certain notes, the obverse also has a cow imprinted on the right side of the note with grains and a color-shifting security ink featuring the country’s official emblem, the Zimbabwe Bird. 24,000 (22nd[88]); 1,679,946,944.44 (10th); 600,000,000,000 (21st); ,[146][149] Up to 2003, regular banknotes were issued, but as hyperinflation developed from 2003, the Reserve Bank issued short-lived emergency traveller's cheques. 718,489,852.94 (3rd); Electronic bank transfers (RTGS) were suspended by the Reserve Bank on the 3rd. 216,528,794.21 (12 May); M any African economies were brought to … 2,045,021 (8th) ", "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=1001452975, 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). 140,251 †; [7][8], On 24 June 2019, the Reserve Bank of Zimbabwe abolished the multiple currency system and replaced it with a new Zimbabwe dollar based on the RTGS Dollar. On 4 June 2015, it was announced that the Reserve Bank of Zimbabwe would exchange some of the old banknotes for US dollars. 30,577,532 (22nd) Official exchange rate was changed to 30,000 on 7 September 2007. 153.10 (3rd) 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. 35,179,473,949,600 (3rd pm) 41.79 † (11th) 309.31 (30th), 315.23 (4th); 319.13 (5th) [16] On 6 September 2007, the Zimbabwe dollar was devalued again by 92%,[17] creating an official exchange rate of ZW$30,000 to US$1, although the black market exchange rate was estimated to be ZW$600,000 to US$1. 89,826.13 (3rd) 650,000 (cash) ‡ (14th) 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. 45,000 (24th[101]); 6,000,000 (24th[129]), The Old Mutual Implied Rate (OMIR) is calculated by dividing the Zimbabwe Stock Exchange price of the Old Mutual share by the London Stock Exchange Price for the same share. 11,378,472,550.24 (30th) 125.75 (29th) The Zimbabwean dollar was introduced in 1980 to directly replace the Rhodesian dollar (which had been introduced in 1970) at par (1:1), at a similar value to the US dollar. 67.52 (11th) Some might be accompanied by authentication documents. 90,000 (cash) (29th)[166], 1,418,021 (1st) 6,240,837.51 (OMIR for 21st) 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]. 340,000 (18th[114]); 500,000 (26th[115]); 600,000 (29th[116]), 750,000 (17th[117]); On 1 August 2008, a second redenomination was conducted, in which 10,000,000,000 2nd dollars (ZWN) became 1 3rd dollar (ZWR). 26,867,910,902 (23rd) 35,000 (15th[95]), 28,000 (10th[97]); 14,000 † (9th) From China: hapodz . † Due to the December 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.‡ Exchange rate was 20,000,000 for large amounts. 186.61 (24th); 193.52 (25th) 145,624,500,000 (11th);[146] 48.13 (8th) 33,000 † (18th) 3,429,836,806 (29th) 4,952,500,000.00 (17th); 9,326,444 (9th) 24 January – RBZ caps daily variance of official exchange rate based on volume traded. 14.52 (14th) 229.90 (16th) 75–100,000 (13th[105]); 507.24 (28th) 49.87 (13th); 53.00 (16th) 1,123,000,000 (3rd); 3,047,030,834 (OMIR for 4th); 10,706,802 (14th) This table shows a condensed history of the foreign exchange rate of the Zimbabwean Dollars to one US Dollar:[60]. 39.41 (6th) 249.40 (9th); 255.19 (14th) [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]. 7,437,184,423.78 (20th); [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'. 224,832,332.83 (13 May); 20,170,317,159.13 (14th); 22,837 (17th) 6,412,613,315 (13th); 10,788.70 (13th) 4,500 † (4th) 15.80 (15th) 15,183,703,996.98 (4th); [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. 25,000,000 (5th[134]); 700 † (27th) 8,042,778 (7th) 525,086,664,547 (OMIR for 28th); 8,399.31 (12th) [20] After 1 August 2008, 10 billion ZWN were worth 1 ZWR. [53] The move led to a sharp drop in the usage of the Zimbabwean dollar, as hyperinflation rendered even the highest denominations worthless. P-98 : ZIMBABWE DOLLAR NOTES BECAME OBSOLETE ON APRIL 12th, 2009 DOLLAR OF THE UNITED STATES OF AMERICA and RAND OF SOUTH AFRICA WERE IN USE UNTIL 2016 . 288,072,000,000 (16th);[146] 100 TRILLION ZIM BOND DOLLAR 2008 ZIMBABWE CURRENCY 2008 AA UNC - FAST SHIP COA 12,000 – 17,500 (16th[85]); 1,680,757,577,947,650 (10th am) 25.34 (25th) This infobox shows the latest status before this currency was rendered obsolete. 270,477,236,528 (OMIR for 17th); ZSE chief executive Emmanuel Munyukwi revealed that a large number of multi-quad-, quin-, and sextillion cheques had bounced. 208.65 (14th) 1,423,462.00 (19th) 193,012,615,772,476 (6th am) 42.72 (3rd) 34.05 (5th) 294.18 (24th); 306.68 (29th) 9.92 (6th) It was estimated that some ten trillion old Zimbabwe dollars (22% of the money supply) were not redeemed during this period. 25,000 (27th[89]); That would make Zimbabwe’s currency a clone of the U.S. dollar… [50], In June 2008, U.S. officials announced they would not take any action against Giesecke & Devrient (G&D). 300,000,000,000,000 (2nd)[25]. 160.46 (6th) 27,164,677,690.87 (18th); They soon began to differ, in overvaluation of the Zimbabwean dollar, increasingly substantially in comparison to less regulated markets such as offshore markets or paper cash freely traded on the streets of Harare, reflected above as Parallel Rates. 509,148,077,013 (29th am) 303,753,731.48 (20 May); On 31 March 1999, the Official Exchange Rate was pegged at ZWD 38 per USD; the parallel market had re-emerged by December 1999. 925,825.00 (17th) 663,325,716,143,026 (7th pm) In 1989, bronze-plated steel replaced bronze. 17.49 (18th) 2,150,078,888.89 (11th); 164,312,344,622 (OMIR for 30th)[148], 12,226,034,516.65 (1st); 2,305,440 (7th) 1,200 to 1,300 (28 Sep) or 1,500 (29 September – high volume transactions)[66], 1,700 (6 November);[68] The decision was in response to an "official request" from the German government and calls for international sanctions by the European Union and the United Nations.[52]. 69,484,070,056.18 (31st); 22,410,101,039,302,100 (10th pm) 30,000 (12th)[157] 3,949 (2nd) 121,013,052 (17th) ... the highest denomination when the currency was abandoned nearly two years ago and the American dollar became legal tender. The 1 cent coin was struck in bronze, with the others struck in cupro-nickel. 4,605,736,200 (10th); [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. P-95: 50 Dollars. By July 2008 the exchange rate with US$ had reached (parallel rate) 500 billion to 1 US$, leading to a second redenomination. 4,000 (20th[74]); 333,500,825 (20th) 380,000,000,000 (18th); [146] 345.12 (14th); 350.30 (15th) 11,000 (11th[84]); There are 12 zeros in a trillion. ... ZIMBABWE DOLLAR TRAVELLERS CHEQUE $10 000 CHECK 2003 - P17 -RARE x 100 PIECES B. 21.55 (21st) This program officially allowed a number of retailers to accept foreign money. By. 687,860,375,011 (OMIR for 22nd); 6,718,055,555.56 (19th); 607. [170]The Zimbabwe Stock Market, and consequently the OMIR, crashed on 20 November when allegations of market manipulation became public. 190,429,449.18 (7 May); 3. 34,910,587,875 (OMIR for 23rd); If you are purchasing the currency to add to a collection, then you probably want to determine if the currency is certified by any of the certifying authorities. 850 (14 September);[65] Zimbabwe 5 Billion Dollar Banknote. 13,350,764,705.88 (2nd); 132.25 (30th), 2,000 †; 2,498 ‡ (1st); 13,999,000,000 (18th); 202,409,619,045 (OMIR for 7th); 85,158 (3 January); 99,201.58 (24 January); 101,195.54 (28 April). 325,110,110,211 (16th);[149] 23.29 (22nd) 205,000 (20th[106]); In late 2016, the government of Zimbabwe also introduced a batch of bond notes as a form of alternative currency, with a bond note having an exchange rate of 1:1 with the U.S. dollar. [42] As predicted by the quantity theory of money, this hyperinflation was linked to the Reserve Bank of Zimbabwe's choice to increase the money supply. 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. [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. 345.18 (23rd) 138.46 (14th) 14,345,060,331.82 (3rd); [146], 647,863,191.18 (2nd); 495,932,559,520 (OMIR for 23rd); 4,183,564 (10th) $145.00 . 5,787,585.19 (OMIR for 25th) 105.43 (23rd) A brief monetary history: British currency, 1888-1940 South African currency, 1920-1940 Southern Rhodesia currenct, 1940-1956 Rhodesia and Nyasaland currency, 1956-1964 Rhodesia, 1964-1980 Printed in 2008. 34.83 (29th), 40.53 †; 51 ‡ (1st); 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). Case 1: Gold Plated and Novelty Print Zimbabwe Currency. Zimbabwean dollar becomes least valued currency unit around 21 March; In March, the parallel rate becomes extremely erratic, with reported rates varying significantly. 557,362 (29th) 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. 66.49 (19th); 71.21 (20th) 34,912.83 (20th) 7,667,426 (13th) 102,351,000,000 (8th);[146] $585.00 . It was demonetised in 2015, with outstanding accounts able to be reimbursed until 30 April 2016. 13,469.56 (14th) In August 2000, the Official Exchange Rate was pegged at ZWD 50, then ZWD 51 and finally at ZWD 55 per USD; parallel, 70 (Jan); 80 (Feb); 100 (Mar); 120 (Apr); 140 (May); 160 (Jun); 250 (Jul); 300 (Aug); 400 (Sep); 300 (Oct); 320 (Nov); 340 (Dec). 134,838,399,549,100 (6th pm) 129,140,850,245 (OMIR for 2nd); 20,000 (cash) (20th)[164] 1,700 ‡ (29th), 49.23 (1st) 1,105,887,222.22 (6th); 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. 3,524,549,987.29 (13th); 11,633 (16th) ", "Zimbabwe licenses shops to accept foreign currency", "Zimbabwe Tobacco Season Officially Ends; Deliveries Down 40%", "Political impasse sends Zimbabwe dollar tumbling", "50,000-dollar banknote for inflation-wracked Zimbabwe", "Zimbabwe stock market up 257 percent in a day", "Zimbabwe Central Banker Reports 'Concerted Efforts' For Turnaround", "Zimbabwe Prices in Stratosphere As Political Power-Sharing Falters", "New Zimbabwe bank limits trigger surge in prices", "Cost of 3 papers in Zimbabwe: 1 $50 billion note", "Zimbabwe to launch 100 trillion dollar note: report", "Unintended effect of Zimbabwe dollarization - no change! [12] The revaluation campaign, which Gideon Gono named "Operation Sunrise", was completed on 21 August 2006. 70,000,000 (19th[136]), 80,000,000 (17th[138]); 209.62 (30th); 213.07 (31st), 221.29 (1st); 225.83 (2nd) [27] The banknotes of the fourth dollar circulated alongside the third dollar, which remained legal tender until 30 June 2009. Tweet on Twitter. 405,870,411.18 (23 May); Over time, hyperinflation in Zimbabwe reduced the Zimbabwe dollar to one of the lowest valued currency units in the world. The first Zimbabwean dollar was introduced in 1980 and replaced the Rhodesian dollar at par. 173,176,356,278 (OMIR for 8th); During this time, it was subject to periods of above-average inflation, followed by a period of hyperinflation.[3]. 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. ZIMBABWE 2008 SET 100 + 200 + 500 MILLION DOLLARS UNC P 80 - P 82 CURRENCY NOTES -3 note set-$39.00 . 77.69 (15th) 558.53 (29th) 11,939,980,000 ‡; 25,137 (cash) ‡ (25th) 45.53 (4th) 74 ‡ (8th) 109,689,985,935 (OMIR for 3rd); 5,137,128,498 (12th); 58.10 (9th) 4,500,000 (14th[120]) (not confirmed); Our currency rankings show that the most popular Zimbabwe Dollar exchange rate is the ZWD to USD rate . 447,591,739,042,251,000 (18th pm) 65,797,000,000 (7th);[146] 3,949,870,500,674 (30th pm) 185.33 (20th) 7,512,863,828 (16th); 139,534,966,792 (OMIR for 10th); 297.21 (21st) 143.42 (16th); 150.52 (17th) After being introduced on 1 August 2008, the third dollar continued to devalue. 10,148,113 (12th) The Reserve Bank of Zimbabwe insists that the two- and five-Zimbabwe dollar notes will not increase overall money supply. 20,000 †; 4,800 † [citation needed], —Martin Rupiya, professor of war and security studies, University of Zimbabwe. 110 ‡ (13th) 650 ‡; 19,788 (12th) This includes the 10 trillion dollar note, the 50 trillion dollar note, And the 100 trillion dollar note. 247,618 (25th) 44,754,638,846,288,100 (11th am) 1,365,130,333.33 (9th); 15,273,676 (15th) 271,593 † (26th) 1,964,500,000 (5th); The currency code for Dollars is ZWD, and the currency symbol is Z$. 244.05 (17th) 12,981,054,269,303,500 (12th pm) 400,000 (cash) (12th)[168] 22,835,153,651 (24th); 21,460,313,914.03 (15th); Disclaimer: All Zimbabwe currency notes are demonetized and sold solely as collectibles. 28.54 (5th); 32.19 (6th) The initial ISO 4217 code was ZWD. 16,000,000 and 20,000,000 for large amounts (21st[132]), 24,000,000 (2nd[133]); 64,575,990,281 (OMIR for 26th); 20,129,927 (15th) 44,796,944 (26th) 83.57 (16th) It was redenominated three times (in 2006, 2008 and 2009), with denominations up to a $100 trillion banknote issued. 430 ‡ (21st) 7,000 (27th[80]), 7,500 (1st[81]) 15,000 (7th[92]); 1,000 Old Zim dollars become 1 revalued Zim dollar. At 2009, the ZWR was replaced by the fourth Zimbabwean dollar " ZWL " at a rate of 1 ZWL = 10 25 ZWD. Currency dealers in Zimbabwe are repairing old US dollar notes. 156.69 (18th); 163.34 (19th) 23,356,231,572.65 (16th); 554,915 †; 360,707 ‡ (29th) 3,178,696,865 (22nd) 69,127 (cash) ‡ (27th) 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). 204,565,727.39 (8 May); 62.47 (10th) 750,000,000,000 (23rd); [146] 29,000 ‡ (11th) 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. 182,325,758,081,729 (7th am) 52.71 (8th) 332.26 (12th); 336.46 (13th) 2,904,111,111.11 (12th); 183,025,618,461,867,000 (14th pm) 25,599,608 (21st) 42.32 (11th); 46.07 (12th) 43,319,583,395.92 (24th); 498,000,000 (22nd); 777,500,000 (30th) 189,961,549,747 (OMIR for 11th); ", "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? 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