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In mid-2015, Zimbabwe announced plans to have completely switched to the United States dollar by the end of that year. [3] In June 2019, the Zimbabwean government announced the reintroduction of the Real Time Gross Settlement dollar (RTGS), to be known simply as the "Zimbabwe dollar", and that all foreign currency was no longer legal tender. [4]
On 2 February 2009, the Reserve Bank introduced banknotes of the fourth dollar, equal to one trillion (1 000 000 000 000 or 10 12) third dollars: the banknotes of the third dollar were supposed to lose legal tender status by 1 July 2009, but the power-sharing government of Prime Minister Morgan Tsvangirai instead suspended the Zimbabwean dollar ...
The Zimbabwean dollar (sign: $, or Z$ to distinguish it from other dollar-denominated currencies) was the name of four official currencies of Zimbabwe from 1980 to 12 April 2009. During this time, it was subject to periods of extreme inflation , followed by a period of hyperinflation .
Hyperinflation in Zimbabwe was one of the few instances that resulted in the abandonment of the local currency. At independence in 1980, the Zimbabwe dollar (ZWD) was worth about US$1.49 (or 67 Zimbabwean cents per U.S. dollar). Afterwards, however, rampant inflation and the collapse of the economy severely devalued the currency.
500 old Zimbabwean dollar bill of the first Zimbabwean dollar A special agro-cheque for 100 billion dollars, during the hyperinflation in Zimbabwe Prior to 1873, the silver dollar circulated in many parts of the world, with a value in relation to the British gold sovereign of roughly $1 = 4s 2d (21p approx).
The Trillion Dollar Campaign made extensive use of Zimbabwean banknotes, repurposing them as printing paper for handouts, billboards, and poster advertisements. The campaign was highly successful, and gathered significant publicity; first in other South African newspapers, then in other media such as television and radio, and finally in ...
On the back of the bill the eagle is holding 13 arrows and an olive branch with 13 leaves and 13 olives. The eagle's shield has 13 vertical stripes and 13 horizontal stripes. The number 13 ...
The inflation and ensuing depreciation of the Zimbabwean dollar is the result of the Reserve Bank of Zimbabwe increasing the money supply. [40] In February 2019, the broad money supply was Z$10.4 billion. By the end of 2022, it had swelled to Z$2.34 trillion.
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