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Despite the reform, the Reserve Bank issued several high-value denominations up to $100 trillion ... Great Zimbabwe ruins: Zimbabwe Bird and "100" 2007 1 August 2008
The 100 trillion Zimbabwean dollar banknote (10 14 dollars), equal to 10 27 pre-2006 dollars. On 30 July 2008, the dollar was redenominated and given a new currency code of ZWR. [23] After 1 August 2008, 10 billion ZWN were worth 1 ZWR. [23] Coins valued at Z$5, Z$10 and Z$25 and banknotes worth Z$5, Z$10, Z$20, Z$100, and Z$500 were issued in ...
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.
Many in Zimbabwe still remember when a 100 trillion Zimbabwe dollar banknote was printed in 2009 at the height of the hyperinflation to keep up with spiraling prices. At one point, a loaf of bread cost more than 500 million Zimbabwe dollars.
The government printed a 100-trillion Zimbabwe dollar banknote to keep up with spiraling prices that saw a loaf of bread going for more than 500 million Zimbabwe dollars. John Mushayavanhu, the governor of Zimbabwe's central bank, has hyped the ZiG as a first step toward eventual de-dollarization.
The government printed a 100-trillion Zimbabwe dollar banknote to keep up with spiraling prices that saw a loaf of bread going for more than 500 million Zimbabwe dollars.
The government had previously floated various ideas to replace the Zimbabwe dollar, including introducing gold coins to stem inflation and even trying out a digital currency.
The Zimbabwe dollar has come under sustained pressure in recent weeks, making it one of the world’s worst performing currencies. Zimbabwe introduces new currency as depreciation and rising ...