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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.
On 29 January 2009, the Zimbabwean government legalised the use of foreign currencies, such as the United States dollar and the South African rand.In response, Zimbabweans quickly abandoned the old Zimbabwean dollar, which was collapsing from what was at the time the second-highest ever rate of hyperinflation in the world (after the Hungarian pengő in 1946).
The Zimbabwe Gold (ZiG; code: ZWG) [3] is the official currency of Zimbabwe since 8 April 2024, [2] backed by US$575 million worth of hard assets: foreign currencies, gold, and other precious metals.
Zimbabwean inflation rates since independence (July 2008, estimates thereafter) Date Rate Date Rate Date Rate Date Rate Date Rate 1980: 7% 1986: 15% 1992
This never materialized. However, the parallel market immediately reacted to this news with the parallel rate falling to ZWD 2,000 per USD (18 November 2006) [83] and by year end it had fallen to ZWD 3,000 per USD. [84] On 1 April 2007, the parallel market was asking ZWD 30,000 for US$1. [85] By year end, it was down to about ZWD 2,000,000.
The four denominations in this series are not the same by dimensions as the $25 billion note used different paper from the 500 ZWD banknote of 2001. Until the release of the $100 trillion in January 2009, the $100 billion agro-cheque was the second highest denominated banknote to enter circulation after the Cold War , after the 500 billion ...
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
Officially, the Indian rupee has a market-determined exchange rate. However, the Reserve Bank of India trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate.