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The 2008 banknote series circulated from 29 September 2008 to 12 April 2009. The series demonstrated the intensity of hyperinflation during the period as the highest denomination increased from $1000 to $100 trillion ($10 14) by January 2009, the latter being the largest denomination issued by the Reserve Bank.
Originally, the paper notes were in denominations of Z$2, 5, 10 and 20, and coins in denominations of 1, 5, 10, 20, 50 cents and Z$1. As larger bills were needed to pay for menial amounts, the Reserve Bank of Zimbabwe planned to print and circulate denominations of up to Z$10, 20, 50, and 100 trillion. [62]
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 ...
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Annual inflation in Zimbabwe hit 55.3% in March 2024. [8] The ZiG is notionally divided into 100 cents, which were first used by the Zimbabwe Stock Exchange before the currency had an ISO code. Cents were officially recognized by the Reserve Bank of Zimbabwe when a currency code for the Zimbabwe Gold was introduced in June 2024. [9]
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