On 30 July 2008, the dollar was redenominated and given a new currency code of ZWR. Throughout the late 90's and the 2000's, inflation began to spin out of control in Zimbabwe, causing the country to issue larger and larger bank notes, culminating the trillion dollar notes minted in 2008. 20,215,883 (20th) 1,780.04 (29th). 7,667,426 (13th) 6,412,613,315 (13th); 1,024.63 (6th) 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. 5,000 (12th[78]); 6,240,837.51 (OMIR for 21st) 345.18 (23rd) 2,150,078,888.89 (11th); The Zimbabwean dollar (sign: $, or Z$ to distinguish it from other dollar-denominated currencies) was the name of 4 official currencies of Zimbabwe from 1980 to 12 April 2009. 337,341,911.76 (21 May); 247,618 (25th) [146], 647,863,191.18 (2nd); 156.69 (18th); 163.34 (19th) 27,164,677,690.87 (18th); [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. 39.41 (6th) 992.02 (25th) 841,881 (2nd) 4,000 (20th[74]); Up there with the best, believe it or not, are Zimbabwean 100 trillion dollar notes. 25,000 (11th[94]); 50,000,000 (16th)[162] 300,000 (22nd[107]); ZIMBABWE CURRENCY IS DEFUNCT AND NOT LEGAL TENDER ANYWHERE. 20,000 (cash) (20th)[164] 1,423,462.00 (19th) 134,838,399,549,100 (6th pm) ZSE chief executive Emmanuel Munyukwi revealed that a large number of multi-quad-, quin-, and sextillion cheques had bounced. 17,039,490,724 (OMIR for 20th); 62,024,868,786 (OMIR for 25th); 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. In the final months before Zimbabwe's central bank reforms of 30 April 2008, virtually all popular currency conversion resources relied upon the official rate of 30,000 ZWD to US$1 for published figures, in spite of the vast differences between that and free market rates. 114.61 (25th) 173,176,356,278 (OMIR for 8th); By 23 May 2008, Bloomberg[152] and Oanda[153] began publishing floating rates based on Zimbabwe's formally regulated domestic bank market, while Yahoo Finance started using the updated official rate in July, albeit with a decimal point shift of 6 places. 30,201,803,133.32 (21st); Crisp new notes are not coming into Zimbabwe, so enterprising traders are repairing old ones for desperate customers. 24 January – RBZ caps daily variance of official exchange rate based on volume traded. 592,416 (30th), 138.14 (1st) 70,197.01 (28th), 100,000 (cash) (5th)[167] The Zimbabwean Dollar is the currency of Zimbabwe. 275,335,294.12 (19 May); 345.12 (14th); 350.30 (15th) 6,386,667 (5th) The second dollar started off with an official rate of 250 and a parallel rate of 550 to the US$. 22,837 (17th) 11,608 (9th) 25,000 (27th[89]); 113,028,111,843 (OMIR for 4th); 17,743,015,150 (19th); 14,345,060,331.82 (3rd); 21.55 (21st) 15.80 (15th) 650,000 (cash) ‡ (14th) In its 2014 mid-term monetary policy statement, the Reserve Bank of Zimbabwe (RBZ) said it would import special coins, known as Zimbabwean bond coins, to ease a shortage of change in the economy. 2,133,117.00 (24th) 529,336,764.71 (29 May); 3,949 (2nd) In fact, Zimbabwe’s economy is so deindustrialized and for the given moment not even a little improvement is expected. There would also be South African rand coins of 10 cents, 20 cents, 50 cents, 1 rand, 2 rands, and 5 rands. 139,534,966,792 (OMIR for 10th); If you have any questions, concerns or suggestions we're availible around the clock to take care of your needs. 250,783,986,568 (28th pm) 2,045,021 (8th) 33,000 † (18th) 74.86 (13th) Our advanced multi-point verification system is state of the art and our customer service, unparalleled. 30,320.43 (19th) 267,539,344,335,978 (5th am) 35,000 (15th[95]), 28,000 (10th[97]); [51] 187,073,022.88 (6 May); 3,500 (18th[73]); In 1980, coins were introduced in denominations of 1, 5, 10, 20, 50 cents, and 1 dollar. Picture: Tsvangirayi Mukwazhi/AP Zimbabwe to introduce a new currency in November 777,500,000 (30th) 300,000,000,000,000 (2nd)[25]. eBay sellers of Zimbabwe currency offer a large selection of Zimbabwe dollars as well as Zimbabwe bond notes for sale. [10] The reverse side of dollar notes often illustrated the culture or landmarks of Zimbabwe. 580,678,132.35 (30 May) 44,182.50 (24th) 244.05 (17th) 7,512,863,828 (16th); 1,715,118 (6th) This includes the 10 trillion dollar note, the 50 trillion dollar note, And the 100 trillion dollar note. 270,477,236,528 (OMIR for 17th); 38,128.72 (21st) Hyperinflation in 2009 made the government abandon their local currency and switch to the American dollar. 209.62 (30th); 213.07 (31st), 221.29 (1st); 225.83 (2nd) 13,856,763 (14th) 5,700 ‡; 7,500[157] (5th) 17,066,529,677.98 (8th); 63,761,761,010.94 (30th); After being introduced on 1 August 2008, the third dollar continued to devalue. 14,936 (10th) 14,000 † (9th) 4,651.33 (10th) Official exchange rate was changed to 30,000 on 7 September 2007. 8,042,778 (7th) 843,884,558.82 (4th); 266,075 (26th) 850 (14 September);[65] In 1989, bronze-plated steel replaced bronze. 22,835,153,651 (24th); 60,000,000 (cash) (12th) [174]150,000,000 (cash)‡ (16th) 200,000,000 (cash)‡ (17th) 600,000,000 (cash)‡ (19th) 9,000,000,000 (cash) (22nd)[175]2,000,000,000 (cash)‡ (24th), 5,601,509 (2nd) 12,617,983,349,233,500 (20th), As of 26 November newspaper reports stated the RTGS was still not operational, and part of the reason was that the Zimbabwean Government had not paid the company responsible for fitting the system. The selection of the name was motivated by the fact that the reduced value of the new unit correlated more closely to the value of the US dollar than to the pound sterling. 554,915 †; 360,707 ‡ (29th) 700 † (27th) 154,661.25 (10th) 1,407,917,306 (28th) Over time, hyperinflation in Zimbabwe reduced the Zimbabwe dollar to one of the lowest valued currency units in the world. 6,718,055,555.56 (19th); Zimbabwe’s economy has been in free-fall as a shortage of foreign currency led to scarcity of fuel and wheat. REUTERS/Philimon Bulawayo. A man counts Zimbabwean dollar notes and coins next to a ten US dollar note on the streets of Harare. 925,825.00 (17th) 19,788 (12th) 11,000 (11th[84]); 49.87 (13th); 53.00 (16th) 642,371,437,695,221,000 (17th pm) 28,400,000,000,000,000 ‡ (12th) 13.19 (13th) [130], 7,500,000 (13th[131]); 5,817,192,485.76 (18th); 20,000 (8th[93]); 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. 6,626.39 (11th) Mangudya told journalists in the capital on Tuesday that the as-of-yet-unnamed currency will have denominations of coins and notes with a maximum value of five Zimbabwe … ", "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! 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. 718,489,852.94 (3rd); We're committed to providing our customers with banknotes of the highest quality and certified authenticity. 340,000 (18th[114]); 500,000 (26th[115]); 600,000 (29th[116]), 750,000 (17th[117]); A 1 dollar bond coin was released in November 2016. The Zimbabwe Dollar (ZWD) was established to replace Rhodesian Dollar and to signify the nation’s independence from the UK in 1980. 42.72 (3rd) Our currency rankings show that the most popular Zimbabwe Dollar exchange rate is the ZWD to USD rate. 650,000,000,000 (22nd)[149] 131,237 (23rd) 100,000,000 (20th)[163] Diplomat", "Mugabe fighting for political life in behind-the-scenes ruling party power struggle", "Zimbabwe Dollar in New Downward Spike Against Major Currencies", "Mugabe faces the music in Tanzania as police launch mass arrest of opponents", "Black Market Economy Thrives in Zimbabwe", "Zimbabwe Devalues Currency by 98% to Boost Exports", "Golden leaf fails to boost forex earnings", "How life goes on for the super rich of Zimbabwe", "As services collapse, corruption flourishes", "Zimbabwe targets 25 pct mth/mth inflation by year-end", "Children left at home pay the price of migration", "Will the economic collapse be the end of Mugabe? 202,409,619,045 (OMIR for 7th); 64.19 (7th) 1,680,757,577,947,650 (10th am) 13,000,000,000,000 (23rd)[179] 316.56 (22nd) 129,140,850,245 (OMIR for 2nd); [35][36], On 13 July 2007, the Zimbabwean government said that it had temporarily stopped publishing (official) inflation figures, a move that observers said was meant to draw attention away from "runaway inflation which has come to symbolise the country's unprecedented economic meltdown". 18,683,139 (19th) 1,123,000,000 (3rd); [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. Exporters will be required to exchange money at the central bank to receive the better rate. 309.31 (30th), 315.23 (4th); 319.13 (5th) 44,754,638,846,288,100 (11th am) There are 12 zeros in a trillion. 40,928,000,000 (30th)[146], 967,480,942 (OMIR for 2nd); The answer is the Old Mutual Implied Rate for the Pound. The Zimbabwean dollar was effectively abandoned as an official currency on 12 April 2009, when the Economic Planning Minister Elton Mangoma confirmed the suspension of the national currency for at least a year. 6,000 (26th[76]), 4,800 (2nd[77]); 271,915 ‡ (25th) 404,294.50 (12th) 430 ‡ (21st) 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 $, 824 (1 January); 4196 (12 January) to 5730 (Dec). 10,000,000,000,000 (22nd)[178] 13,583 (8th) 271,593 † (26th) 71.40 (12th) 18,888 (15th) 749.47 (26th) 236,850,692,832 (OMIR for 15th); The initial ISO 4217 code was ZWD. 37,997 (19th) 183,025,618,461,867,000 (14th pm) 29,000 ‡ (11th) 164,312,344,622 (OMIR for 30th)[148], 12,226,034,516.65 (1st); Great gifts for currency collectors, economics buffs, or people that just like weird things. Free shipping. 125.75 (29th) 509,148,077,013 (29th am) 7,039,188,034 (30th), 40,000,000,000 (12th)[176] [4] The final redenomination produced the "fourth dollar" (ZWL), which was worth 1025 ZWD (first dollars). 46,000,000 (10th[135]); 502,683,475,196 (OMIR for 21st); 4,183,564 (10th) The currency code for Dollars is ZWD, and the currency symbol is Z$. 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). 85,000,000 (24th[139]); Up to 2003, regular banknotes were issued, but as hyperinflation developed from 2003, the Reserve Bank issued short-lived emergency traveller's cheques. Zimbabwe 100 Trillion Dollars ( AA/2008, P-91, UNC, 1 piece ... (100 NOTES) $15,995.00. (Source[141]), 53,049,500,000 (1st);[146] 12,000 – 17,500 (16th[85]); zimbabwe scarce 2007/2008 german printed with security strip notes $100 , $500 , $1000 ,$1 million - 4 note inflation set 204,565,727.39 (8 May); 226,954.13 (11th) [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. 16,744,890 (16th) 3,949,870,500,674 (30th pm) 580,000,000 (28th); In January 2004, semiweekly (RBZ-controlled) currency auctions were set up to determine the official rate. 280,000 (14th[113]); 100,000,000,000,000 (29th)[182], 35,000,000,000,000,000 (1st) – UN Rate[183] 150,000,000,000,000,000 (29th) – UN Rate, 250,000,000,000,000 (1st)[184] 134.92 (12th); 138.58 (13th) 35,179,473,949,600 (3rd pm) 2,159,000,000 (6th); 34.83 (29th), 40.53 †; 51 ‡ (1st); 140,251 †; 5,000,000 (21st[128]); [151], 76,620.00 (1st) 132.25 (30th), 2,000 †; 2,498 ‡ (1st); Why Buy Zimbabwe Dollars? A "special rate" of 15,000 ZWD per USD was brought in on 26 April 2007. 326.26 (8th); 329.65 (11th) For serious collectors, the catalog number of these 100 Trillion Notes is P91.There has never been a currency note with a higher denomination than this 100 Trillion Dollar … Then a cross rate calculation is done for the USD rate. 151,425,393,163 (11th);[149] 2,443,676,912,678 (30th am) Instead, in August 2006, the first dollar was redenominated to the second dollar at the rate of 1000 first dollars to 1 second dollar (1000:1). 37.15 (1st) [citation needed]. 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]. 1,151,656.00 (18th) Fresh new US dollar currency is not coming into the Southern African nation. 121.43 (15th) 9,005,149,886.88 (24th); 447,591,739,042,251,000 (18th pm) 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). [170]The Zimbabwe Stock Market, and consequently the OMIR, crashed on 20 November when allegations of market manipulation became public. ", "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=997666569, 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). 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