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Later denominations copied design features from the original 2007 banknote series and lacked many modern security features that banknotes of major currencies (such as the Canadian Dollar) relied on. The notes denominated from $20 000 to $500 000 and then from $10 million onwards used non-watermarked paper, whilst the $500 million notes were ...
A third redenomination, producing the "fourth Zimbabwe dollar", occurred in February 2009, and dropped 12 more zeros from the currency. It was thus worth 10 trillion trillion original dollars, as the three redenominations together reduced the value of an original dollar by 10 3 × 10 10 × 10 12 = 10 25.
The Zimbabwean dollar (sign: Z$; 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.
The final redenomination produced the "fourth dollar" (ZWL), which was worth 10 25 ZWD (first dollars). Use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009. It was demonetised in 2015, with outstanding accounts able to be reimbursed until 30 April 2016.
15 May: new bearer cheques with a value of Z$500 million (then equivalent to about US$2.50). [105] 20 May: a new series of notes ("agro cheques") in denominations of Z$5 billion, Z$25 billion and Z$50 billion. 21 July: a "special agro-cheque" for Z$100 billion. [106]
Despite the notes being notionally pegged to the US dollar, their value, like the former Zimbabwean dollar, is collapsing, with everyday transactions using a rate of $3 bond notes to 1 United States dollar in January 2019 and over $90 bond notes to US$1 as of November 2020. [11] As of August 2022, the conversion rate is $361.9 bond notes to US$1.
On 4 April 2008 the Reserve Bank of Zimbabwe introduced new $25 million and $50 million bearer cheques. [87] 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. [82]
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 ...