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$20 billion and $50 billion notes (12 January 2009) [61] $10 trillion, $20 trillion, $50 trillion and $100 trillion (16 January 2009) [ 62 ] The large number of denominations issued in late-2008 as well as the suspension of paper supply by Giesecke & Devrient affected the Reserve Bank's ability to maintain the quality of the banknotes.
Prices in shops and restaurants were still quoted in Zimbabwean dollars, but were adjusted several times a day. Any Zimbabwean dollars acquired needed to be exchanged for foreign currency on the parallel market immediately, [58] or the holder would suffer a significant loss of value. For example, mini-bus drivers were required by law to only ...
The Reserve Bank of Zimbabwe began to release Zimbabwean bond coins on 18 December 2014. The coins were supported by a US$50 million facility extended to the Reserve Bank of Zimbabwe by Afreximbank (the African Export–Import Bank). [1] To date coins worth US$15 million have been struck out of the total $50 million available.
The first Zimbabwean dollar was introduced in 1980 and replaced the Rhodesian dollar at par. The initial ISO 4217 code was ZWD. 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.
The ZiG is Zimbabwe's sixth attempt since 2008 at creating a new currency that will make it independent of the US dollar. [16] Since the currency crisis of 2008–2009, Zimbabwe has a multi-currency system. It was introduced in 2009 after the hyperinflation of the fourth Zimbabwean dollar (ZWL). For ten years there was no Zimbabwean currency.
In November 2016, backed by a US$200 million loan from the African Export-Import Bank, the Reserve Bank of Zimbabwe began issuing $2 bond notes. [2] Two months later, US$15 million worth of new five-dollar bond notes were also released. [3] Further plans for $10 and $20 bond notes were ruled out by the Reserve Bank's governor John Mangudya. [4]
The RBZ demonetized old bank notes on 1 August 2006 and introduced a new currency. Each new Zimbabwe dollar was worth 1000 old Zimbabwe dollars. [15] The highest denominations for the new currency were 1, 10, and 100 thousand revalued dollars. A year later on 1 August 2007, he authorized a 200 thousand dollar denomination.
Found an article with a photo of the new $50 billion note: Wall Street Journal--Buu 13:04, 14 January 2009 (UTC) This poster from the Reserve Bank of Zimbabwe has all the fourth dollar 2009 series banknotes on it. —Preceding unsigned comment added by 81.168.55.5 21:34, 15 February 2009 (UTC)