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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.
It was thus worth 10 trillion trillion original dollars, as the three redenominations together reduced the value of an original dollar by 10 3 × 10 10 × 10 12 = 10 25. Computers could not handle the amount of zeros such that other forms of money had to be used to act as normal money (bearer's cheques).
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.
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]
On 4 April 2008 the Reserve Bank of Zimbabwe introduced new $25 million and $50 million bearer cheques. [86] At the time of first issue they were worth US$0.70 and US$1.40 on the parallel market respectively. On 1 May 2008, the RBZ announced that the dollar would be allowed to float in value subject to some conditions. [81]
5 May: banknotes or "bearer cheques" for the value of Z$100 million and Z$250 million. [103] 15 May: new bearer cheques with a value of Z$500 million (then equivalent to about US$2.50). [104] 20 May: a new series of notes ("agro cheques") in denominations of Z$5 billion, Z$25 billion and Z$50 billion.
The Zimbabwean dollar (sign: Z$; code: ZWL), [5] also known as the Zimdollar or Real Time Gross Settlement (RTGS) dollar, [6] [7] was the currency of Zimbabwe from February 2019 to April 2024. It was the only legally permitted currency for trade in Zimbabwe from June 2019 to March 2020, after which foreign currencies were legalised again.
Pegged against the U.S. dollar coins were denominated at 1, 5, 10, and 25 cents and later followed by a 50-cent coin in 2015. [2] A bi-metallic one-dollar bond coin was released on 28 November 2016. [3] A bi-metallic two-dollar bond coin was released into circulation in 2018. in 2024 the Zimbabwe gold was introduced and replaced the Zimbabwe ...