earth

 

 

 

 

 

 

 

 

 

 

 

 

 

Zimbabwe

 

1983-2006 | 2008 | 2009 | 2016-2017

 

 

2 Dollars, 1994

2 dollars 1994 front
2 dollars 1994 back

Enlarge: Front2 dollars 1994 front
 & Back2 dollars 1994 back

Front: Chiremba balancing rock formation

Back: Tiger fish; Kariba Dam

 

5 Dollars, 1983

5 dollars 1983 front
5 dollars 1983 back

Enlarge: Front5 dollars 1983 front
 & Back5 dollars 1983 back

Front: Chiremba balancing rock formation

Back: Village scene with two workers

 

10 Dollars, 1994

10 dollars 1994 front
10 dollars 1994 back

Enlarge: Front10 dollars 1994 front
 & Back10 dollars 1994 back

Front: Chiremba balancing rock formation

Back: Eternal Flame at National Heroes Acre, Harare; View of Harare in background

 

20 Dollars, 1983

20 dollars 1983 front
20 dollars 1983 back

Enlarge: Front20 dollars 1983 front
 & Back20 dollars 1983 back

Front: Chiremba balancing rock formation

Back: Elephant; Victoria Falls

 

Chiremba Balancing Rocks

Chiremba Balancing Rocks

Enlarge: RocksChiremba Balancing Rocks

The Balancing Rocks are geomorphological features of igneous rocks found in many parts of Zimbabwe, and are particularly noteworthy in Matopos National Park and near the township of Epworth to the southeast of Harare. The formations are of natural occurrence in a perfectly balanced state without other support. Their popularity grew when the Reserve Bank of Zimbabwe featured the formations on the Zimbabwean banknotes.

 

50 Dollars, 1994

50 dollars 1994 front
50 dollars 1994 back

Enlarge: Front50 dollars 1994 front
 & Back50 dollars 1994 back

Front: Chiremba balancing rock formation

Back: Great Zimbabwe ruins

 

500 Dollars, 2001

500 dollars 2001 front
500 dollars 2001 back

Enlarge: Front500 dollars 2001 front
 & Back500 dollars 2001 back

Front: Chiremba balancing rock formation

Back: Hwange power station

 

500 Dollars, 2001

500 dollars 2001 front
500 dollars 2001 back

Enlarge: Front500 dollars 2001 front
 & Back500 dollars 2001 back

Front: Chiremba balancing rock formation

Back: Hwange power station

 

1,000 Dollars, 2003

1,000 dollars 2003 front
1,000 dollars 2003 back

Enlarge: Front1,000 dollars 2003 front
 & Back1,000 dollars 2003 back

 

Front: Chiremba balancing rock formation

Back: Elephants

20 Dollars, 2006 Bearer Check

20 dollars 2006 front
20 dollars 2006 back

Enlarge: Front20 dollars 2006 front
 & Back20 dollars 2006 back

 

Zimbabwe is in a period of hyperinflation. At the time of independence in 1980, one Zimbabwean dollar was worth US$1.50. Since then, rampant inflation and the collapse of the economy have severely devalued the currency.

In the August 2006 currency reform, 1 new dollar was exchanged for 1,000 old dollars. The highest denomination was then 1000 new dollars.

Due to continued runaway inflation, the Reserve Bank of Zimbabwe released into circulation on December 20, 2007 three high denomination bearer checks, $250,000, $500,000 and $750,000.

On January 1, 2008, the bank released, for the first time, million dollar bearer checks, $1,000,000, $5,000,000 and $10,000,000.

On April 4, 2008, the bank introduced $25,000,000 and $50,000,000 bearer checks.

On May 15, 2008, the bank introduced a new $500 million bearer check, and special agricultural checks in $5 billion, $25 billion and $50 billion denominations for farmers.

On July 19, 2008, the bank released a new $100 billion agro check. The new note is equal to just one U.S. dollar. With inflation running officially at 2.2 million per cent (actual rate closer to 12.5 million per cent), $100 billion can not even buy a loaf of bread. It can only buy four oranges.

On August 1, 2008, Zimbabwe issued new bank notes, knocking 10 zeros off the dollar and revalued a 10 billion dollar note to equal one zimdollar.

Currency revaluation did not slow down hyperinflation. The highest denomination of the revalued currency jumped to $100 trillion by January 2009.

On February 2, 2009, the bank announced dropping 12 zeros in another currency revaluation: 1 trillion dollars for 1 new dollar.

In April, 2009 Zimbabwe suspended the use of the Zimbabwe dollar for at least a year following the legalization of foreign currencies (most notably the United States dollar and South African rand).

1983-2006 | 2008 | 2009 | 2016-2017

Back to Africa

Zimbabwe, located in the east-central part of southern Africa, was formerly Southern Rhodesia. It joined with Northern Rhodesia and Nyasaland in 1953 to form the federation of Rhodesia and Nyasaland. After the dissolution of the federation, Southern Rhodesia became Rhodesia which was renamed the Republic of Zimbabwe in 1980 after granted independence. For a more detailed country profile, see CIA World Factbook on Zimbabwe.

In April, 2009 Zimbabwe suspended the use of the Zimbabwe dollar for at least a year following the legalization of foreign currencies (most notably the United States dollar and South African rand).

 

 

 

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