1,220,071,643 (21st) 32.05 (28th) 11,633 (16th) 185.33 (20th) 580,000,000 (28th); , 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. 58.10 (9th) 3,139,382,641 (9th); 27,157,406,063,618,700 (11th pm) 369,632,426.29 (22 May); 74 ‡ (8th) 275,335,294.12 (19 May); 510,000,000,000 (31st): , 142,024,433,315 (OMIR for 1st); 5,000 (12th); 32,000 (18th); 619.52 (30th), 790,510 ‡; 1,000,000 (1st) In August 2000, the Official Exchange Rate was pegged at ZWD 50, then ZWD 51 and finally at ZWD 55 per USD; parallel, 70 (Jan); 80 (Feb); 100 (Mar); 120 (Apr); 140 (May); 160 (Jun); 250 (Jul); 300 (Aug); 400 (Sep); 300 (Oct); 320 (Nov); 340 (Dec). 54,036,639,077.74 (28th);  2,133,117.00 (24th) 62.47 (10th) The Reserve Bank of Zimbabwe has introduced a national currency for the first time since 2009 in an attempt to tackle a sharp shortfall of the US dollar, the country’s primary medium of trade. According to … 718,489,852.94 (3rd);  The move led to a sharp drop in the usage of the Zimbabwean dollar, as hyperinflation rendered even the highest denominations worthless. A street vendor poses as he displays bond notes, before the introduction of new currency in Harare, Zimbabwe, November 11,2019. , Despite the introduction of the fourth dollar, the problems were not eliminated, and the economy continued to be almost completely dollarised. 8,500 ‡ (8th) 749.47 (26th) 105.43 (23rd) ZIMBABWE NOTES HAVE NO CURRENCY VALUE. The cash rate differs significantly to the above rates. In January 2004, semiweekly (RBZ-controlled) currency auctions were set up to determine the official rate. 24 January – RBZ caps daily variance of official exchange rate based on volume traded. 3,178,696,865 (22nd) ", "Budget likely to show Mugabe's desperation", "Zimbabwe Teachers Can't Afford to Report for Work", "The United Nations Operational Rates of Exchange", "Zim trims 12 zeroes from trillion dollar note", Saint Helena, Ascension and Tristan da Cunha, https://en.wikipedia.org/w/index.php?title=Zimbabwean_dollar&oldid=997666569, Currencies of the Commonwealth of Nations, Articles with dead external links from May 2016, Articles with unsourced statements from March 2017, Wikipedia articles in need of updating from February 2020, All Wikipedia articles in need of updating, Articles with unsourced statements from August 2013, Articles needing additional references from January 2018, All articles needing additional references, Articles with German-language sources (de), Creative Commons Attribution-ShareAlike License, $1, $5, $10, $20, $50, $100, $500, $1 000, $1,000,000,000,000, 1, 5, 10, 20, 50 cents, 1, 2, 5, 10, and 25 dollars, 98.0% per day in mid-November 2008 or 8.97, Z$ tied to basket of FRF, DEM, ZAR, CHF, GBP, USD, 18 April 1980 – Independence (1 Z$ = 1 R$), Flexible basket; dual rates; 20% tax on outgoing payments, Floating official rate (1 July) ; dual rates; ZWD devalued by 17%, floating official rate; dual rates; rates unified 1998 (Dec). 38,128.72 (21st) The hyperinflation was contributed by poor economic policies, unrestricted printing of currency notes and corruption. 199.76 (26th); 206.74 (27th) Those reported rates generally reflected the Official Rate as shown in the above table. 4,000 (20th); 186.61 (24th); 193.52 (25th) 3,000,000,000,000 (15th) 3,641,246.00 (30th) 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. The regime is surviving by printing money: at this stage there is no other way. 1,000 (25th), 3,362 (1st) 69,484,070,056.18 (31st); , —Martin Rupiya, professor of war and security studies, University of Zimbabwe. 210,389,632.00 (9 May); 70,000,000 (19th), 80,000,000 (17th);  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. 44,754,638,846,288,100 (11th am) 16,744,890 (16th) 4,651.33 (10th) 255,771,415.67 (16 May); Although the dollar was abandoned on 12 April 2009, exchange rates were maintained at intervals for some months. Currency in Zimbabwe was so devalued that you needed a big stack of high denomination bills to buy a loaf of bread! 841,881 (2nd)  The final redenomination produced the "fourth dollar" (ZWL), which was worth 1025 ZWD (first dollars). 200,000 (cash) ‡ (7th) Our currency rankings show that the most popular Zimbabwe Dollar exchange rate is the ZWD to USD rate. Zimbabwe 100 Trillion Dollars ( AA/2008, P-91, UNC, 1 piece ... (100 NOTES) $15,995.00. Zimbabwean dollar becomes least valued currency unit around 21 March; In March, the parallel rate becomes extremely erratic, with reported rates varying significantly. 4,000 (cash) (3rd) More Zimbabwean Dollar info > 161.24 (19th) 168,815,333.33 (5 May); 100,000,000 (26th), 30,000 (to 4 May); 868.71 (27th) 10,706,802 (14th) 30,320.43 (19th) 43,319,583,395.92 (24th); Our currency rankings show that the most popular Zimbabwe Dollar exchange rate is the ZWD to USD rate . 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. 48.79 (5th) 62,136,238,923,283,400 (14th am) Then in 2016, Zimbabwe introduced bond notes as a surrogate currency which initially had equal value to the US dollar but today it trades at 1:15 with the greenback.  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. 393.30 (22nd) Zimbabwe, Dollar. 183.19 (9th) If you have any questions, concerns or suggestions we're availible around the clock to take care of your needs. 297.21 (21st) 270,477,236,528 (OMIR for 17th); 22,952,543,340 (23rd); 1,024.63 (6th) 1,330.10 (28th) 404,332,849,598 (OMIR for 18th); There are 12 zeros in a trillion. 6,600 (23rd); On 1 August 2008, a second redenomination was conducted, in which 10,000,000,000 2nd dollars (ZWN) became 1 3rd dollar (ZWR). 26,000 (29th), 30,000 (1st); 156.69 (18th); 163.34 (19th) 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. 209.62 (30th); 213.07 (31st), 221.29 (1st); 225.83 (2nd) 1,715,118 (6th) Please update this article to reflect recent events or newly available information.  By late 2008, inflation had risen so high that automated teller machines for one major bank gave a "data overflow error" and stopped customers' attempt to withdraw money with so many zeros.  The reverse side of dollar notes often illustrated the culture or landmarks of Zimbabwe. The currency was scrapped a decade ago because of hyperinflation when prices were almost doubling every day. Worn out or shredded by rats, one dollar notes are king in Zimbabwe, beset by a continuing economic crisis. 19,148,534,621,367,600 (13th am) 439,481,070,796,885,000 (19th) Free shipping. 5,137,128,498 (12th); 25,389,017,580.37 (17th); On 31 March 1999, the Official Exchange Rate was pegged at ZWD 38 per USD; the parallel market had re-emerged by December 1999. 777,500,000 (30th) 108.01 (4th); 113.12 (5th) 62,761.43 (27th) This table shows a condensed history of the foreign exchange rate of the Zimbabwean Dollars to one US Dollar:. 160.46 (6th) 288,072,000,000 (16th); 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? 703,000,000 (29th); 75–100,000 (13th); , 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. 6,000,000 (24th), 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. In fact, Zimbabwe’s economy is so deindustrialized and for the given moment not even a little improvement is expected. 35,000 (15th), 28,000 (10th); 36,844,444 (23rd) 153.10 (3rd) 300,000,000,000,000 (2nd). 10.93 (7th) Use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009. 525,086,664,547 (OMIR for 28th); 488,452,876,313 (OMIR for 24th); 3,161,381 (9th) 34,000 † (15th) 650 ‡; 1,400,000 (24th); Below, you'll find Zimbabwean Dollar rates and a … 77.69 (15th) 7,000 (27th), 7,500 (1st) 20.08 (20th) 25,000 (11th); 22,410,101,039,302,100 (10th pm) 48.13 (8th) The 50 US cent denomination followed in March 2015. 29.91 (27th) 100,330.21 (4th) The first Zimbabwean dollar was introduced in 1980 and replaced the Rhodesian dollar at par. 145,624,500,000 (11th); The currency code for Dollars is ZWD, and the currency symbol is Z$. 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. 45,000 (24th); Up there with the best, believe it or not, are Zimbabwean 100 trillion dollar notes. By July 2008 the exchange rate with US$ had reached (parallel rate) 500 billion to 1 US$, leading to a second redenomination. 223.51 †; 375 ‡ (18th) zimbabwe scarce 2007/2008 german printed with security strip notes $100 , $500 , $1000 ,$1 million - 4 note inflation set 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. 5,787,585.19 (OMIR for 25th) 241,421,049,361 (OMIR for 16th); During the same month, the Reserve Bank of Zimbabwe declared inflation illegal, outlawing any raise in prices on certain commodities between 1 March and 30 June 2007. 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. 11,608 (9th) 15,183,703,996.98 (4th); , 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).. 89,826.13 (3rd) 226,954.13 (11th) 126.11 (10th); 131.00 (11th) 15.80 (15th) 14.52 (14th) 2,305,440 (7th)  The banknotes of the fourth dollar circulated alongside the third dollar, which remained legal tender until 30 June 2009. ZIMBABWE CURRENCY IS DEFUNCT AND NOT LEGAL TENDER ANYWHERE. 118,066,516,958,323 (4th am) 340,000 (18th); 500,000 (26th); 600,000 (29th), 750,000 (17th); 6,674,757,281,553 (31st am) 92.97 (18th) 25,000,000 (5th); 328.36 (6th); 320.02 (7th) 13.19 (13th) 592,416 (30th), 138.14 (1st) 1,679,946,944.44 (10th); Picture: Tsvangirayi Mukwazhi/AP Zimbabwe to introduce a new currency in November 700 † (27th) (Parallel rate soars to over 600 revalued dollars per 1 US dollar). 22,835,153,651 (24th); 34,910,587,875 (OMIR for 23rd); 34.05 (5th) 121.43 (15th) This infobox shows the latest status before this currency was rendered obsolete. $129.95. 66,418,944 (16th) 109,689,985,935 (OMIR for 3rd); Our advanced multi-point verification system is state of the art and our customer service, unparalleled. 193,012,615,772,476 (6th am) 266,075 (26th) 216,162,327,532,185 (4th pm) 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.. 27,164,677,690.87 (18th); 529,336,764.71 (29 May); 850 (14 September);  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'. ", "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! 138.46 (14th) 558.53 (29th) 460 †; 140,251 †; 3,524,549,987.29 (13th); After being introduced on 1 August 2008, the third dollar continued to devalue. 2,443,676,912,678 (30th am) 49.87 (13th); 53.00 (16th) 300,000 (22nd); The $1 notes are used by many people to buy their daily bread and other small purchases. 64.19 (7th) 244.05 (17th) 1,748,530.00 (23rd) Cash: 50,000 (24th) 114.61 (25th) The crown jewel of the 2008 AA series Zimbabwe Trillion Notes is the 100 Trillion Dollar note. 204,565,727.39 (8 May); 20,215,883 (20th) 1,151,656.00 (18th) 80,754 ‡ (23rd) And so dealers buy the tattered notes and make profits off the black market. 48,679,445,871.90 (25th); 71.40 (12th) 247,618 (25th) 120,000 (16th); 266.40 (20th) 76.22 (23rd); 81.58 (24th) 12,981,054,269,303,500 (12th pm) 139,534,966,792 (OMIR for 10th); We're committed to providing our customers with banknotes of the highest quality and certified authenticity. Zimbabwe 10 Trillion Dollars 2008 P-88 Banknotes in very fine condition 4,000,000 (3rd), 1,900,000 (3rd); eBay sellers of Zimbabwe currency offer a large selection of Zimbabwe dollars as well as Zimbabwe bond notes for sale. There has been much confusion and grey area into what is a "novelty" in terms of Zimbabwe currency. 6,626.39 (11th) 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. 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.  New banknotes were introduced with face values of Z$1, Z$5, Z$10, Z$20, Z$50, Z$100 and Z$500. 498,000,000 (22nd); 992.02 (25th) 173,176,356,278 (OMIR for 8th); 19,788 (12th) , On 24 June 2019, the Reserve Bank of Zimbabwe abolished the multiple currency system and replaced it with a new Zimbabwe dollar based on the RTGS Dollar. 337,341,911.76 (21 May); 13,350,764,705.88 (2nd); 10,000,000,000,000 (22nd) 35,179,473,949,600 (3rd pm) 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 … 4,500,000 (14th) (not confirmed); 309.31 (30th), 315.23 (4th); 319.13 (5th) 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). 74.86 (13th)  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. 200,414,514,369 (14th); 11,000 (cash) (11th) 10,148,113 (12th)  This move was meant to stabilise the economy and establish a credible nominal anchor under low inflation conditions. 167.68 (7th) 400,000 (23rd), 250,000 (7th); 8,260,031,632.83 (23rd); 2,045,021 (8th) 52.71 (8th) 85,000,000 (24th); 11,378,472,550.24 (30th) 30,000 (12th) 251,649,721,203,565,000 (17th am) Zimbabweans are hoping to see more liquid cash in circulation following the release of new bank notes, Monday, by the country’s central bank. Currently, the manufacturing sector takes a smaller share of GDP and has a very small percentage of the workforce. 325,110,110,211 (16th); 20,129,927 (15th) 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. 3,429,836,806 (29th)  However, in June 2006, it was decreed that, for a new currency to be viable, Zimbabwe had to first achieve macro-economic stability. , 16,044,776,323 (OMIR for 19th); 5,000,000 (21st); 440 ‡ (26th) There are some bureaux de change which will accept and change foreign currency, particularly US dollars. 5,817,192,485.76 (18th); 20,000 (21st); 5,090,337,736 (11th); 1,700 ‡ (29th), 49.23 (1st) 23.29 (22nd) 650,000,000,000 (22nd) 3,500 (18th); 13,583 (8th) 5,085 (4th) 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. 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