270,794 (24th) 13,000,000,000,000 (23rd)[179] 183,025,618,461,867,000 (14th pm) 118,066,516,958,323 (4th am) Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya. The decision was in response to an "official request" from the German government and calls for international sanctions by the European Union and the United Nations.[52]. 95.42 (27th), 99.67 (2nd); 103.29 (3rd) 56,197.60 (26th) 193,014,500,000 (14th);[146] As more and more of these counterfeit notes hit the market, they are causing a panic as customers rush to check if their notes are indeed authentic. REUTERS/Philimon Bulawayo. 216,528,794.21 (12 May); 6,386,667 (5th) 131,237 (23rd) 83.57 (16th) 324,446,338,775 (17th); [146] 430 ‡ (21st) Up to 2003, regular banknotes were issued, but as hyperinflation developed from 2003, the Reserve Bank issued short-lived emergency traveller's cheques. Disclaimer: All Zimbabwe currency notes are demonetized and sold solely as collectibles. 687,860,375,011 (OMIR for 22nd); [citation needed], —Martin Rupiya, professor of war and security studies, University of Zimbabwe. 749.47 (26th) [citation needed]. The cash rate differs significantly to the above rates. It was redenominated three times (in 2006, 2008 and 2009), with denominations up to a $100 trillion banknote issued. 21,460,313,914.03 (15th); 580,000,000 (28th); 101,338,478,626 (27th am) 2,443,676,912,678 (30th am) 183.19 (9th) Fresh new US dollar currency is not coming into the Southern African nation. 251,649,721,203,565,000 (17th am) 64,575,990,281 (OMIR for 26th); 1,400 †; [33][34], All four issues of the Zimbabwean dollar experienced high rates of inflation, although it was not until the early 2000s that Zimbabwe started to experience totally unsustainable hyperinflation. † Due to the December 2007 banknote shortage, funds transferred via Electronic Funds Transfer Systems (EFTS) bore a premium rate of about $4 million, while the cash transaction rate varied around $2 million.‡ Exchange rate was 20,000,000 for large amounts. 101.57 (22nd) 5,817,192,485.76 (18th); 3,161,381 (9th) 160.46 (6th) 2,133,117.00 (24th) 190 ‡; 64.12 † (14th) 58,886,562,526.04 (29th); 224,832,332.83 (13 May); 550 (1 August); 650 (3 August); 650 to 700 (24 August), 1 August: RBZ revalues the Zim dollar. Zimbabwe experienced a period of hyperinflation spanning a few decades that culminated in 2008 with the introduction of the 100,000,000,000,000 banknote. 140,085.70 (9th) 39,129,724,504.88 (23rd); 199.76 (26th); 206.74 (27th) 14,345,060,331.82 (3rd); [citation needed] However, in June 2006, it was decreed that, for a new currency to be viable, Zimbabwe had to first achieve macro-economic stability. 28,400,000,000,000,000 ‡ (12th) 4,300 † (3rd) 332.26 (12th); 336.46 (13th) 1,715,118 (6th) 18,683,139 (19th) 20,000 (8th[93]); 1,330.10 (28th) ZIMBABWE CURRENCY IS DEFUNCT AND NOT LEGAL TENDER ANYWHERE. There would also be South African rand coins of 10 cents, 20 cents, 50 cents, 1 rand, 2 rands, and 5 rands. [51] 12,000 – 17,500 (16th[85]); 71.40 (12th) 164,312,344,622 (OMIR for 30th)[148], 12,226,034,516.65 (1st); This effectively froze the official exchange rate. On 1 August 2008, a second redenomination was conducted, in which 10,000,000,000 2nd dollars (ZWN) became 1 3rd dollar (ZWR). 38,128.72 (21st) The second dollar started off with an official rate of 250 and a parallel rate of 550 to the US$. It was estimated that some ten trillion old Zimbabwe dollars (22% of the money supply) were not redeemed during this period. 120,000 (16th[16]); [141], 190,000,000 (1st[142]); 380,000,000,000 (18th); [146] 400,000 (cash) (12th)[168] 200,414,514,369 (14th);[149] 22,952,543,340 (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. [31] In late January 2009, acting Finance Minister Patrick Chinamasa announced that all Zimbabweans would be allowed to conduct business with any currency, as a response to the hyperinflation crisis. 50,000 (29th[102]), 55,000 (3rd[103]); 456,921,446,064 (OMIR for 30th); 41,974,524,821,395,400 (13th pm) 8,399.31 (12th) 5,085 (4th) 404,332,849,598 (OMIR for 18th); Free shipping. [54], In June 2015, the Reserve Bank of Zimbabwe began to formally demonetise the Zimbabwean dollar, to officially value the fiat currency at zero, in order to complete a switch to the US dollar by the end of September 2015. 143.42 (16th); 150.52 (17th) 20,269,600,000 (21st); 80,754 ‡ (23rd) 15,000 (7th[92]); 5,787,585.19 (OMIR for 25th) 34,000 † (15th) The 1 cent coin was struck in bronze, with the others struck in cupro-nickel. On 18 December 2014, the 1, 5, 10, and 25 US cent denominations were released into circulation. The initial ISO 4217 code was ZWD. 121,013,052 (17th) 510,000,000,000 (31st): [150], 142,024,433,315 (OMIR for 1st); 35,179,473,949,600 (3rd pm) There are 12 zeros in a trillion. 32.05 (28th) 145.62 (2nd) 38.35 (4th) 17.49 (18th) 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. 1,000,000 (19th[118]), 1,200,000 (1st[119]); ", "Zimbabwe licenses shops to accept foreign currency", "Zimbabwe Tobacco Season Officially Ends; Deliveries Down 40%", "Political impasse sends Zimbabwe dollar tumbling", "50,000-dollar banknote for inflation-wracked Zimbabwe", "Zimbabwe stock market up 257 percent in a day", "Zimbabwe Central Banker Reports 'Concerted Efforts' For Turnaround", "Zimbabwe Prices in Stratosphere As Political Power-Sharing Falters", "New Zimbabwe bank limits trigger surge in prices", "Cost of 3 papers in Zimbabwe: 1 $50 billion note", "Zimbabwe to launch 100 trillion dollar note: report", "Unintended effect of Zimbabwe dollarization - no change! The official exchange rate is set to 250 revalued Zim dollars per 1 US dollar. A currency trader mends an old and worn 2 dollar bill at a busy market in Harare, in this Monday, Oct, 26, 2020 photo. [12] The revaluation campaign, which Gideon Gono named "Operation Sunrise", was completed on 21 August 2006. 498,000,000 (22nd); In January 2004, semiweekly (RBZ-controlled) currency auctions were set up to determine the official rate. 3,429,836,806 (29th) Officials arrested executives of some Zimbabwean companies for increasing prices on their products,[14][15] and economists reported that "chaos had started to reign and people in the public sector has becoming frantic". For over 10 years we've been working exclusively with our licensed partners in Harara, Zimbabwe to provide you with the certified authentic bankotes of all denominations. 129,140,850,245 (OMIR for 2nd); They soon began to differ, in overvaluation of the Zimbabwean dollar, increasingly substantially in comparison to less regulated markets such as offshore markets or paper cash freely traded on the streets of Harare, reflected above as Parallel Rates. Diplomat", "Mugabe fighting for political life in behind-the-scenes ruling party power struggle", "Zimbabwe Dollar in New Downward Spike Against Major Currencies", "Mugabe faces the music in Tanzania as police launch mass arrest of opponents", "Black Market Economy Thrives in Zimbabwe", "Zimbabwe Devalues Currency by 98% to Boost Exports", "Golden leaf fails to boost forex earnings", "How life goes on for the super rich of Zimbabwe", "As services collapse, corruption flourishes", "Zimbabwe targets 25 pct mth/mth inflation by year-end", "Children left at home pay the price of migration", "Will the economic collapse be the end of Mugabe? 125.75 (29th) The Zimbabwean dollar was introduced in 1980 to directly replace the Rhodesian dollar (which had been introduced in 1970) at par (1:1), at a similar value to the US dollar. A 2-dollar coin was introduced in 1997. 1,000 (25th)[158], 3,362 (1st) A similar practice was used in other Commonwealth countries such as South Africa, Australia, and New Zealand. 7,039,188,034 (30th), 40,000,000,000 (12th)[176] 105.43 (23rd) The currency was scrapped a decade ago because of hyperinflation when prices were almost doubling every day. 316.56 (22nd) 62,136,238,923,283,400 (14th am) [16] On 6 September 2007, the Zimbabwe dollar was devalued again by 92%,[17] creating an official exchange rate of ZW$30,000 to US$1, although the black market exchange rate was estimated to be ZW$600,000 to US$1. 22,837 (17th) 1,746,899,809 (OMIR for 3rd); During this time, it was subject to periods of above-average inflation, followed by a period of hyperinflation.[3]. If you have any questions, concerns or suggestions we're availible around the clock to take care of your needs. 22,835,153,651 (24th); 132.25 (30th), 2,000 †; 2,498 ‡ (1st); 4,000,000 (3rd[124]), 1,900,000 (3rd[125]); The Reserve Bank of Zimbabwe announced plans for new Z$5,000 and Z$10,000 coins in June 2005,[59] although these were never actually struck. 42.32 (11th); 46.07 (12th) The first Zimbabwean dollar was introduced in 1980 and replaced the Rhodesian dollar at par. 74.86 (13th) 266.64 (17th); 271.04 (20th) Traders in Zimbabwe have resorted to repairing old US dollar notes for desperate customers. [53] The move led to a sharp drop in the usage of the Zimbabwean dollar, as hyperinflation rendered even the highest denominations worthless. 41.79 † (11th) 100,000,000 (26th[140]), 30,000 (to 4 May); 118.76 (26th) No funds can be transferred between banks, effectively aborting the parallel rates. 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. 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. 345.18 (23rd) 2,691,588,425 (7th); The consequence is that Zimbabwe is the only country where currency of other countries is more acceptable than their own currency. On 2 February 2009, a third redenomination took place, in which the RBZ removed 12 zeros from the currency, with 1,000,000,000,000 (third, ZWR) Zimbabwe dollars being exchanged for 1 new (fourth, ZWL) dollar. 270,477,236,528 (OMIR for 17th); The Zimbabwean Dollar is the currency of Zimbabwe. 139,534,966,792 (OMIR for 10th); 65,797,000,000 (7th);[146] 12,617,983,349,233,500 (20th), As of 26 November newspaper reports stated the RTGS was still not operational, and part of the reason was that the Zimbabwean Government had not paid the company responsible for fitting the system. 10,000 (8th[83]); [4] The final redenomination produced the "fourth dollar" (ZWL), which was worth 1025 ZWD (first dollars). 20.08 (20th) 90,000 (cash) (29th)[166], 1,418,021 (1st) The much-awaited local currency, in denominations of $2 notes and coins, and a $5 note, hit most of the country’s commercial banks, with the public expected to start accessing the notes Tuesday. 49,237.71 (25th) 54,036,639,077.74 (28th); 619.52 (30th), 790,510 ‡; 1,000,000[159] (1st) [21] Due to frequent cash shortages and the apparently worthless Zimbabwean dollar, foreign currency was effectively legalised as a de facto currency on 13 September 2008 via a special program. This infobox shows the latest status before this currency was rendered obsolete. 309.31 (30th), 315.23 (4th); 319.13 (5th) 3,500 (18th[73]); We're committed to providing our customers with banknotes of the highest quality and certified authenticity. In November 2005, the regular currency auctions were discontinued and the RBZ announced that "market factors" would control the exchange rate. By July 2008 the exchange rate with US$ had reached (parallel rate) 500 billion to 1 US$, leading to a second redenomination. [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. zimbabwe scarce 2007/2008 german printed with security strip notes $100 , $500 , $1000 ,$1 million - 4 note inflation set 17,883,023,378.58 (9th); 1,680,757,577,947,650 (10th am) Zimbabwe 100 Trillion Dollars ( AA/2008, P-91, UNC, 1 piece ... (100 NOTES) $15,995.00. 114.61 (25th) [35][36], On 13 July 2007, the Zimbabwean government said that it had temporarily stopped publishing (official) inflation figures, a move that observers said was meant to draw attention away from "runaway inflation which has come to symbolise the country's unprecedented economic meltdown". 189,961,549,747 (OMIR for 11th); 244.81 (7th); 245.21 (8th) 25,593.66 (18th) 173,176,356,278 (OMIR for 8th); The currency code for Dollars is ZWD, and the currency symbol is Z$. 100,000 (6 January); 106,050 (19 January); 115,000 (20 January); 125,000 to 150,000 (25 January); 175,000 to 190,000 (24 February); 205,000 to 220,000 (3 March); 220,000 to 230,000 (13 April); 300,000 to 310,000 (25 May); 315,000 (9 June); 340,000 to 350,000 (16 June); 400,000 (21 June); 450,000 (1 July); 520,000 (9 July); Economists predict an unofficial rate of nearly ZWD 250,000 to the US dollar by mid-2006. A street vendor poses as he displays bond notes, before the introduction of new currency in Harare, Zimbabwe, November 11,2019. 703,000,000 (29th); [56][57] This move was meant to stabilise the economy and establish a credible nominal anchor under low inflation conditions. [28] The new ISO currency code was ZWL. 10,594,701,303.45 (26th); Official exchange rate was changed to 30,000 on 7 September 2007. 2,045,021 (8th) 40,000,000,000,000 (28th)[181] [171]Old Mutual has not traded since 20 November, so no meaningful OMIR figures are available. As a result, in both the official and parallel markets, the currency's value eroded rapidly over the years, and by July 2006, the parallel market value of the Zimbabwean dollar fell to Z$1,000,000 = GBP £1. 758,530,000,000 (30th); [146] 74 ‡ (8th) 303,753,731.48 (20 May); 18,681,527,512.36 (10th); 25,599,608 (21st) 400,000 (23rd[108]), 250,000 (7th[112]); [29], Despite the introduction of the fourth dollar, the problems were not eliminated, and the economy continued to be almost completely dollarised. The low value of the national currency indicates that the economy of Zimbabwe currently is in front of a big crisis. 6,240,837.51 (OMIR for 21st) 19,788 (12th) 2,800 †; 3,650 ‡ (2nd) 10,148,113 (12th) 16,000,000 and 20,000,000 for large amounts (21st[132]), 24,000,000 (2nd[133]); 40,928,000,000 (30th)[146], 967,480,942 (OMIR for 2nd); 63,761,761,010.94 (30th); 21.55 (21st) 61 ‡ (2nd) 121.43 (15th) 718,489,852.94 (3rd); 1,964,500,000 (5th); 58.04 (17th); 62.70 (18th) 5,000,000 (21st[128]); The official exchange rate was allowed to float 6 May, 1 August: The Reserve Bank revalued the dollar again: 10, The Reserve Bank lifted the suspension on the Real Time Gross Settlement System (RTGS) on 13 November, This page was last edited on 1 January 2021, at 17:29. 46,000,000 (10th[135]); 460 †; Due to the Dec 2007, banknote shortage, funds transferred via Electronic Funds Transfer Systems (EFTS) bore a premium rate of about $4 million, while the cash transaction rate varied around $2 million. [20] After 1 August 2008, 10 billion ZWN were worth 1 ZWR. 619,334,351,928 (OMIR for 25th); 187,073,022.88 (6 May); 20,000 (21st[87]); 669,809,343,407 (OMIR for 31st); In fact, Zimbabwe’s economy is so deindustrialized and for the given moment not even a little improvement is expected. This table shows a condensed history of the foreign exchange rate of the Zimbabwean Dollars to one US Dollar:[60]. 271,593 † (26th) 78,479,941,887 (OMIR for 24th); 154,661.25 (10th) 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. 223.51 †; 375 ‡ (18th) 345.12 (14th); 350.30 (15th) The third dollar rates above are OMIR. 62.47 (10th) 11,171,474 (13th) 488,452,876,313 (OMIR for 24th); A man counts Zimbabwean dollar notes and coins next to a ten US dollar note on the streets of Harare. 89,826.13 (3rd) 44,182.50 (24th) 328.36 (6th); 320.02 (7th) 259.10 (15th); 263.94 (16th) 15,273,676 (15th) 66.49 (19th); 71.21 (20th) 126,117,317,180 (OMIR for 9th); 230.68 (3rd); 238.94 (6th) On 31 March 1999, the Official Exchange Rate was pegged at ZWD 38 per USD; the parallel market had re-emerged by December 1999. [9], The Zimbabwean dollar's predecessor, the Rhodesian dollar, was essentially equal to half of the value of the pound sterling at the time of its adoption (during the decimalisation of 1970). 1,500,000 (30th[122]), 1,800,000 (1st[123]); [170]The Zimbabwe Stock Market, and consequently the OMIR, crashed on 20 November when allegations of market manipulation became public. Below, you'll find Zimbabwean Dollar rates and a … 33,000 † (18th) A trillion, by the way, is a million million. 255,771,415.67 (16 May); 34.83 (29th), 40.53 †; 51 ‡ (1st); 44,754,638,846,288,100 (11th am) 1,024.63 (6th) 30,000,000,000,000 (27th)[180] 250,000,000 (13th[144]); 11,378,472,550.24 (30th) 100 Trillion Zimbabwe Dollar Banknote AA 2008, 50 Trillion Zimbabwe Dollars Banknote AA 2008, 10 Trillion Zimbabwe Dollar Banknote AA 2008, 20 Trillion Zimbabwe Dollars Banknote AA 2008, 50 Billion Zimbabwe Dollars Banknote AA 2008, 500 Million Zimbabwe Dollars Banknote AA 2008. 5,700 ‡; 7,500[157] (5th) 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) 642,371,437,695,221,000 (17th pm) 9,326,444 (9th) 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. 843,884,558.82 (4th); 494,000,000 (23rd); 380 (Jan) to 710 (Jun), 1400 (Jul) to 1740 (Oct) to 1400 (Dec), 1400 (Jan); 1450 (Feb); 2300 (May); 3000 (Jul); 6000 (Aug); 6400 (Oct); 6000 (Nov), In February 2003, the Official Exchange Rate was re-pegged at ZWD 824 per US $, 824 (1 January); 4196 (12 January) to 5730 (Dec). Since October 2008 our national currency has become moribund". 354.58 (19th); 357.48 (20th) 3,139,382,641 (9th); 27.66 (26th) Cash: 50,000 (24th)[165] 8,500,000 (18th[132]); 44,796,944 (26th) 851.74 (4th) 140,251 †; 271,915 ‡ (25th) 4,311 (3rd) 98,339,944,470 (24th) Although in 2019 the government tried to make some changes and reintroduced a Zimbabwe currency, the black market continued to use USDs even when restrictions for using it local transactions were applied. 100,000,000 (20th)[163] 60,000 (12th[104]); 1,000 Old Zim dollars become 1 revalued Zim dollar. [30] In his first budget, the Zimbabwe finance minister, Tendai Biti, stated "the death of the Zimbabwe dollar is a reality we have to live with. 85,158 (3 January); 99,201.58 (24 January); 101,195.54 (28 April). 36,844,444 (23rd) 37,997 (19th) Get the best deals on Zimbabwe Banknotes when you shop the largest online selection at eBay.com. 45,000 (24th[101]); In June, the official rate became a crawling peg rate. 39.41 (6th) 3,949,870,500,674 (30th pm) 28.54 (5th); 32.19 (6th) 156.69 (18th); 163.34 (19th) 3,641,246.00 (30th) 4,500,000 (14th[120]) (not confirmed); 226,954.13 (11th) 110 ‡ (13th) 5,137,128,498 (12th); 10,706,802 (14th) 9.92 (6th) Then a cross rate calculation is done for the USD rate. ", "Zimbabwe currency crashes; inflation as high as 9,000%", "Zimbabwe dollars rejected as currency crashes", "Zimbabwe in disarray over inflation fight", "Water shortages spur sharp rise in diarrhea, dysentery in Zimbabwe", "Zimbabwe devalues currency to 30,000/dlr", "Zimbabwe Food, Transport Prices Soar While Local Currency Tumbles", "Zim opposition wants police prosecuted for torture", "1 U.S. dollar buys 1 million Zimbabwe dollars on black market", "Asylum-seekers face deportation from UK", "Zimbabwe Dollar Crashes on Central Bank Plan To Issue New Notes", "Cash-Poor Zimbabweans Turn To Parallel Market To Procure Bank Notes", "Zimbabwe Cash Crisis Eases But Local Currency Value Heads South", "Old Mutual Implied Rates (OMIR) as at 25 January 2008", "Dollar tumbles again, as one US unit trades at Z$20 million", "Zimbabwe currency tumbles to record 25 million Zimbabwe dollars for one American dollar", "No let up in Zim crackdown on reporters", "Zimbabwe commercial bank eases foreign exchange rules", "Zimbabwe's currency gets more threadbare", "The Reserve Bank of Zimbabwe caves in to black market pressure", "Send money to friends and family in Zimbabwe", "World Currencies: Europe/Africa/Middle East", "FXConverter – Currency Converter for 164 Currencies", "Zimbabwe redenominates currency to ease crisis", "Zimbabwe: RBZ Suspends RTGS Payment System", "Reserve bank reinstates electronic transfers", "Is this the end of Zimbabwe's $1000 loaf of bread? 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