Great gifts for currency collectors, economics buffs, or people that just like weird things. Our advanced multi-point verification system is state of the art and our customer service, unparalleled. 125.75 (29th) [42] As predicted by the quantity theory of money, this hyperinflation was linked to the Reserve Bank of Zimbabwe's choice to increase the money supply. 255,771,415.67 (16 May); 74.86 (13th) 6,240,837.51 (OMIR for 21st) By 23 May 2008, Bloomberg[152] and Oanda[153] began publishing floating rates based on Zimbabwe's formally regulated domestic bank market, while Yahoo Finance started using the updated official rate in July, albeit with a decimal point shift of 6 places. Zimbabwean dollar becomes least valued currency unit around 21 March; In March, the parallel rate becomes extremely erratic, with reported rates varying significantly. 16,204,996,229.26 (7th); We're committed to providing our customers with banknotes of the highest quality and certified authenticity. 2,904,111,111.11 (12th); [27] The banknotes of the fourth dollar circulated alongside the third dollar, which remained legal tender until 30 June 2009. 4,200 (23rd[75]); 23.29 (22nd) [141], 190,000,000 (1st[142]); [22] This reflected the reality of the dollarisation of the economy, with many shop keepers refusing to accept Zimbabwe dollars and requesting US dollars or South African rand instead. 488,452,876,313 (OMIR for 24th); 1,748,530.00 (23rd) In the final months before Zimbabwe's central bank reforms of 30 April 2008, virtually all popular currency conversion resources relied upon the official rate of 30,000 ZWD to US$1 for published figures, in spite of the vast differences between that and free market rates. Zimbabwe, Dollar. (Parallel rate soars to over 600 revalued dollars per 1 US dollar). On 30 July 2008, the dollar was redenominated and given a new currency code of ZWR. ZSE chief executive Emmanuel Munyukwi revealed that a large number of multi-quad-, quin-, and sextillion cheques had bounced. 58.04 (17th); 62.70 (18th) 244.05 (17th) 11.90 (8th) 101,338,478,626 (27th am) It was redenominated 3 times until its eventual collapse in 2009 due to hyperinflation caused by the unregulated printing of money, the Land reform program, and government involvement in the Second Congo War under Mugabe. 687,860,375,011 (OMIR for 22nd); 236,706,849.48 (14 May); 9,005,149,886.88 (24th); On 31 March 1999, the Official Exchange Rate was pegged at ZWD 38 per USD; the parallel market had re-emerged by December 1999. 41,974,524,821,395,400 (13th pm) 251,649,721,203,565,000 (17th am) 100,000,000 (26th[140]), 30,000 (to 4 May); 22,835,153,651 (24th); 9,326,444 (9th) 114.61 (25th) 85,000,000 (24th[139]); 132.25 (30th), 2,000 †; 2,498 ‡ (1st); 9,288,500,000 (17th); 25,384 (11th) The main illustration on the obverse of all of the banknotes was the Chiremba Balancing Rocks in Epworth, Harare, which were used as a metaphor demonstrating the importance of balancing development and the preservation of the fragile environment. [53] The move led to a sharp drop in the usage of the Zimbabwean dollar, as hyperinflation rendered even the highest denominations worthless. 420 ‡ (19th) In November 2005, the regular currency auctions were discontinued and the RBZ announced that "market factors" would control the exchange rate. 4,651.33 (10th) On 2 February 2009, the RBZ announced that a further 12 zeros were to be taken off the currency, with 1,000,000,000,000 third Zimbabwean dollars being exchanged for 1 new fourth dollar. 8,260,031,632.83 (23rd); 703,000,000 (29th); 1,680,757,577,947,650 (10th am) 44,796,944 (26th) 164,312,344,622 (OMIR for 30th)[148], 12,226,034,516.65 (1st); 749.47 (26th) 14,345,060,331.82 (3rd); 11,608 (9th) 79,816 (22nd) The Zimbabwean Dollar is the currency of Zimbabwe. 61 ‡ (2nd) 2,000 (19 November);[69] 4,000 (20th[74]); 13,469.56 (14th) 34,749,797,812.59 (22nd); Use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009. 101.57 (22nd) 241,421,049,361 (OMIR for 16th); More detailed data can be found in the table below: 700 to 800 (8 September – high volume transactions);[64] 12,981,054,269,303,500 (12th pm) Fresh new US dollar currency is not coming into the Southern African nation. 360.64 (21st); 363.14 (22nd), For the currency currently used in Zimbabwe commonly known as the "Zimbabwean dollar", see, $500 note of the fourth Zimbabwean dollar. 3,524,549,987.29 (13th); 8,042,778 (7th) 6,718,055,555.56 (19th); [28] The new ISO currency code was ZWL. 20,129,927 (15th) Over time, hyperinflation in Zimbabwe reduced the Zimbabwe dollar to one of the lowest valued currency units in the world. [5][6] In place of the Zimbabwean dollar, currencies including the South African rand, Botswana pula, pound sterling, Indian rupee, euro, Japanese yen, Australian dollar, Chinese yuan, and the United States dollar were used. 126,117,317,180 (OMIR for 9th); 325,110,110,211 (16th);[149] 502,683,475,196 (OMIR for 21st); If you have any questions, concerns or suggestions we're availible around the clock to take care of your needs. eBay sellers of Zimbabwe currency offer a large selection of Zimbabwe dollars as well as Zimbabwe bond notes for sale. 74 ‡ (8th) [151], 76,620.00 (1st) 841,881 (2nd) 10,000,000,000,000 (22nd)[178] 83,613.46 (2nd) [11], In October 2005, the current Governor of the Reserve Bank of Zimbabwe at the time, Dr. Gideon Gono, announced that Zimbabwe would have a new currency the following year, and new banknotes and coins would be produced. 415,888,889 (27th) Please update this article to reflect recent events or newly available information. 1,407,917,306 (28th) 3,641,246.00 (30th) 50,000,000 (16th)[162] 60,000,000 (cash) (12th) [174]150,000,000 (cash)‡ (16th) 200,000,000 (cash)‡ (17th) 600,000,000 (cash)‡ (19th) 9,000,000,000 (cash) (22nd)[175]2,000,000,000 (cash)‡ (24th), 5,601,509 (2nd) 75–100,000 (13th[105]); 23,356,231,572.65 (16th); 62,136,238,923,283,400 (14th am) 4,605,736,200 (10th); It was redenominated three times (in 2006, 2008 and 2009), with denominations up to a $100 trillion banknote issued. 1,024.63 (6th) Bond notes are a parallel currency that Zimbabwe's government, led by veteran president Robert Mugabe, has introduced to deal with a cash shortage and boost exports. 20,000 (21st[87]); (Source[151]). 29.91 (27th) The consequence is that Zimbabwe is the only country where currency of other countries is more acceptable than their own currency. 30,577,532 (22nd) 100,000,000 (20th)[163] In its 2014 mid-term monetary policy statement, the Reserve Bank of Zimbabwe (RBZ) said it would import special coins, known as Zimbabwean bond coins, to ease a shortage of change in the economy. 229.90 (16th) 49,237.71 (25th) On 4 June 2015, it was announced that the Reserve Bank of Zimbabwe would exchange some of the old banknotes for US dollars. 5,085 (4th) 1,330.10 (28th) 34,606 (18th) 2,400 (29 November);[70], 3,200 (11th[72]); 3,139,382,641 (9th); The Zimbabwean dollar (sign: $, or Z$ to distinguish it from other dollar-denominated currencies) was the name of 4 official currencies of Zimbabwe from 1980 to 12 April 2009. 494,000,000 (23rd); 200,414,514,369 (14th);[149] 10,706,802 (14th) [18], As an official exchange rate became more unreliable, the WM/Reuters company introduced a notional exchange rate (ISO ZWN) which was based on Purchasing Power Parity utilising the dual listing of companies on the Harare (ZH) and London Stock exchanges (LN).[19]. 294.18 (24th); 306.68 (29th) 4,000 (cash) (3rd)[160] 11,171,474 (13th) 10,594,701,303.45 (26th); 56,197.60 (26th) 297.21 (21st) 11,851,630,480,952 (31st pm). $129.95. 193,012,615,772,476 (6th am) 529,336,764.71 (29 May); 333,500,825 (20th) All Zimbabwe notes currently sold by the Great American Coin Company®, including but not limited to the 10 Trillion Dollar Zimbabwe Note, The 50 Trillion Dollar Zimbabwe Note and the 100 Trillion Dollar Zimbabwe Note have no currency value and are considered collectible/novelty items only. 225,497,447,368,896 (5th pm) 6,000,000 (24th[129]), The Old Mutual Implied Rate (OMIR) is calculated by dividing the Zimbabwe Stock Exchange price of the Old Mutual share by the London Stock Exchange Price for the same share. [5][55] The Zimbabwean government stated that it would credit 5 US dollars to domestic bank accounts with balances of up to 175 quadrillion Zimbabwean dollars, and that it would exchange Zimbabwean dollars for US dollars at a rate of US$1 to 35 quadrillion Zimbabwean dollars to accounts with balances above 175 quadrillion Zimbabwean dollars. 7,437,184,423.78 (20th); 661,229,327,046,568,000 (18th am) 25,000 (27th[89]); 326.26 (8th); 329.65 (11th) 25,389,017,580.37 (17th); This table shows in more detail the historical value of one US dollar in Zimbabwean dollars: In the first redenomination of 1 August 2006, 1000 ZWD were exchanged for 1 second dollar (ZWN). 4,500 † (4th) [citation needed] However, in June 2006, it was decreed that, for a new currency to be viable, Zimbabwe had to first achieve macro-economic stability. Disclaimer: All Zimbabwe currency notes are demonetized and sold solely as collectibles. 35,000 (15th[95]), 28,000 (10th[97]); 3,949 (2nd) 153.10 (3rd) 217.72 (15th) “I don’t care how torn it is, I take it. 1,964,500,000 (5th); 354.58 (19th); 357.48 (20th) On 29 January 2014, the Zimbabwe central bank announced that the US dollar, South African rand, Botswana pula, pound sterling, Euro, Australian dollar, Chinese yuan (renminbi), Indian rupee, and Japanese yen would all be accepted as legal currency within the country. On 1 August 2008, a second redenomination was conducted, in which 10,000,000,000 2nd dollars (ZWN) became 1 3rd dollar (ZWR). The $1 notes are used by many people to buy their daily bread and other small purchases. 85,158 (3 January); 99,201.58 (24 January); 101,195.54 (28 April). 266.64 (17th); 271.04 (20th) Throughout the late 90's and the 2000's, inflation began to spin out of control in Zimbabwe, causing the country to issue larger and larger bank notes, culminating the trillion dollar notes minted in 2008. The currency code for Dollars is ZWD, and the currency symbol is Z$. 486,485,294.12 (28 May); The RBZ's statement did not specify when or where these coins would be imported from, but a later report on 26 November 2014 clarified that over $40 million worth of these coins were expected to be delivered within the next week from Pretoria. On the 20 th, the quasi-currency became Zimbabwe’s official currency. 187,073,022.88 (6 May); 969,647,058.82 (5th); 10,148,113 (12th) Like the original 1980 coins, these special coins would be denominated in 1, 5, 10, 20, and 50 cents, but would have values at par with US cents. 26,000 (29th[90]), 30,000 (1st[91]); 92.97 (18th) 100,000,000,000,000 (29th)[182], 35,000,000,000,000,000 (1st) – UN Rate[183] 150,000,000,000,000,000 (29th) – UN Rate, 250,000,000,000,000 (1st)[184] 39.41 (6th) 19,148,534,621,367,600 (13th am) 117.26 (6th); 121.85 (9th) 1,000 (25th)[158], 3,362 (1st) 439,481,070,796,885,000 (19th) At the same time, the currency was devalued against the US dollar, from 101000 first dollars (101 once revalued) to 250 second dollars, a decrease of about 60% (see exchange rate history table below). 41.79 † (11th) 13,000,000,000,000 (23rd)[179] 140,085.70 (9th) At the heart of every transaction we strive to build trust and a long standing relationships for years to come. 32,000 (18th[98]); 38.35 (4th) 120,000 (16th[16]); Currency in Zimbabwe was so devalued that you needed a big stack of high denomination bills to buy a loaf of bread! 369,632,426.29 (22 May); Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya. 182,325,758,081,729 (7th am) 6,386,667 (5th) 650 ‡; With immediate effect, bond notes and all electronic money, would be merged into a new currency to … Instead, in August 2006, the first dollar was redenominated to the second dollar at the rate of 1000 first dollars to 1 second dollar (1000:1). 430,000,000,000 (18th); [149] 30,201,803,133.32 (21st); 29,000 ‡ (11th) 22,837 (17th) For serious collectors, the catalog number of these 100 Trillion Notes is P91.There has never been a currency note with a higher denomination than this 100 Trillion Dollar … 558.53 (29th) 4,500,000 (14th[120]) (not confirmed); 40.96 †; 66 ‡ (5th) [citation needed] ISO originally assigned a new currency code of ZWN to this redenominated currency, but the Reserve Bank of Zimbabwe could not deal with a currency change, so the currency code remained 'ZWD'. In the face of continued problems posed by the refusal of merchants to transact business with decrepit notes, New Zimbabwe says that the bank’s governor has gotten involved, telling retailers and other traders that it is fine for them to accept old and worn out U.S. currency as legal tender. In 1980, coins were introduced in denominations of 1, 5, 10, 20, 50 cents, and 1 dollar. A street vendor poses as he displays bond notes, before the introduction of new currency in Harare, Zimbabwe, November 11,2019. 619.52 (30th), 790,510 ‡; 1,000,000[159] (1st) Zimbabweans are hoping to see more liquid cash in circulation following the release of new bank notes, Monday, by the country’s central bank. 33,000 † (18th) And yet, the local currency, now known as the Zimbabwe dollar, was introduced back in June 2019. In January 2004, semiweekly (RBZ-controlled) currency auctions were set up to determine the official rate. 28.54 (5th); 32.19 (6th) Many could have mistaken plans by the Reserve Bank of Zimbabwe (RBZ) to introduce new notes and coins next week for the introduction of a completely new currency which is not the Zimbabwe dollar. 507.24 (28th) 2,159,000,000 (6th); 5,817,192,485.76 (18th); 102,351,000,000 (8th);[146] 275,335,294.12 (19 May); 10.93 (7th) It is estimated that the OMIR on 25 November would have been 649,374,262,960,211. 25.34 (25th) Cash: 50,000 (24th)[165] 224,832,332.83 (13 May); The Government has maintained that the return of the Zimbabwe dollar will only be considered when key economic fundamentals, such as productivity in key sectors, have been achieved.[58]. 315,000,000 (16th[145]); Those reported rates generally reflected the Official Rate as shown in the above table. 134.92 (12th); 138.58 (13th) 916,918,295,246 (29th pm) 271,593 † (26th) The banknotes of the Zimbabwean dollar were issued by the Reserve Bank of Zimbabwe from 1980 to 2009. In 2001, nickel-plated steel replaced cupro-nickel in the 10, 20 and 50 cents and 1 dollar coins, and a bimetallic 5-dollar coin was introduced. 121.43 (15th) 15.80 (15th) zimbabwe scarce 2007/2008 german printed with security strip notes $100 , $500 , $1000 ,$1 million - 4 note inflation set 316.56 (22nd) 27,157,406,063,618,700 (11th pm) 922.96 (5th) 13,999,000,000 (18th); 28,400,000,000,000,000 ‡ (12th) On 1 March 2008, it was reported that documents obtained by The Sunday Times showed that the Munich company Giesecke & Devrient (G&D) was receiving more than €500,000 (£381,562) a week for delivering bank notes equivalent to Z$170 trillion a week. [141], 971,500,000 (1st); 4,952,500,000.00 (17th); 777,500,000 (30th) A 1 dollar bond coin was released in November 2016. It was demonetised in 2015, with outstanding accounts able to be reimbursed until 30 April 2016. 555,000,000,000 (25th): [150] [35][36], On 13 July 2007, the Zimbabwean government said that it had temporarily stopped publishing (official) inflation figures, a move that observers said was meant to draw attention away from "runaway inflation which has come to symbolise the country's unprecedented economic meltdown". 11,000 (cash) (11th)[161] [4] The final redenomination produced the "fourth dollar" (ZWL), which was worth 1025 ZWD (first dollars). Our currency rankings show that the most popular Zimbabwe Dollar exchange rate is the ZWD to USD rate. The Zimbabwean dollar was effectively abandoned as an official currency on 12 April 2009, when the Economic Planning Minister Elton Mangoma confirmed the suspension of the national currency for at least a year. The currency code for Dollars is ZWD, and the currency symbol is Z$. 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