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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 first Zimbabwean dollar was introduced in 1980 and replaced the Rhodesian dollar at par. The initial ISO 4217 code was ZWD. At the time of its introduction, the Zimbabwean dollar was worth more than the US dollar in the official exchange market, with 1 ZWD = US$1.47, although this did not reflect the actual purchasing power it held.
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] Announcements of new denominations were increasingly frequent; the Z$200 000 000 bill was announced just days after the printing of the Z$100 000 000 bills.
The Z$100 trillion banknote (Z$10 14), equal to Z$10 27 (1 octillion) pre-2006 dollars Zimbabwe inflation of almost 25,000% in 2007. Hyperinflation in Zimbabwe was one of the few instances that resulted in the abandonment of the local currency.
The notes were not generally accepted by the Zimbabwean people, [7] [8] so the government tried expanding the electronic money supply and issuing Treasury bills instead. [ 7 ] [ 9 ] The bond notes were still in circulation in 2018, although former Finance Minister Tendai Biti said that they should be demonetised, as they were being subject to ...
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 ...
Selection of 16 original un-circulated Zimbabwe notes ranging in denomination from 1 dollar to 100 trillion dollars. They are all signed by G Gono, the Governor of the Reserve Bank of Zimbabwe, in the period 2007 to 2008, who promises "to pay the bearer on demand".
Some bills were printed on paper watermarked with 1000 in them denoting that the article was intended for $1000 note which was the highest note in the country in other cases the vast figures were printed on paper reserved for 500, 100 or 50 dollar notes. Reserve Bank of Zimbabwe $100 Trillion note printed by Fidelity Printers and Refinery
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