Banknotes of the Reserve Bank of Zimbabwe
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The first Banknotes of Zimbabwe were issued in 1980, following the declaration of independence. The Reserve Bank of Zimbabwe currently issues Zimbabwe's banknotes.
The large denominations and a shift to Bearer Cheques in the 2000s reflect the declining situation in Zimbabwe's economy.
Bearer Cheques were first issued on 15 September 2003. The highest denomination currently in circulation is the emergency 50,000,000,000 dollar Agro Cheque, whilst in 1980 the regular 20 dollar banknote was the highest denomination issued.
[edit] Issues of D. Crough (1980-82)
These notes bear the signature of D. Crough, who was the last Governor of the Reserve Bank of Rhodesia and the first Governor of the Reserve Bank of Zimbabwe.
P1a. 1980 2 dollars.
P2a. 1980 5 dollars.
P2b. 1982 5 dollars.
P3a. 1980 10 dollars.
P3ar. 1980 10 dollars. (Replacement banknote 'CW' prefix)
P3b. 1982 10 dollars.
P4a. 1980 20 dollars.
[edit] Issue of K. Moyana (1983)
This issue of notes bears the signature of K. Moyana, who was the second Governor of the Reserve Bank of Zimbabwe.
P1b. 1983 2 dollars.
P2c. 1983 5 dollars.
P2cr. 1983 5 dollars. (Replacement banknote 'BW' prefix)
P3d. 1983 10 dollars.
P4c. 1983 20 dollars.
[edit] First issue of L.L. Tsumba (1994)
This issue of notes was the first to bear the signature of L.L. Tsumba, who was the third Governor of the Reserve Bank of Zimbabwe.
P1c. 1994 2 dollars.
P1d. 1994 2 dollars.
P2d. 1994 5 dollars.
P3e. 1994 10 dollars.
P4d. 1994 20 dollars.
[edit] Second issues of L.L. Tsumba (1994-2003)
The beginning of Zimbabwe's economic turmoil is indicated through these issues of banknotes.
P5a. 1997 5 dollars.
P5b. 1997 5 dollars.
P6. 1997 10 dollars.
P7. 1997 20 dollars.
P8. 1994 50 dollars.
P9. 1995 100 dollars.
P10. 2001 500 dollars.
P11. 2001 500 dollars. (Issued 2003)
P12a. 2003 1,000 dollars.
P12b. 2003 1,000 dollars.
[edit] Reserve Bank of Zimbabwe Traveller's Cheques (2003)
These were issued as a form of emergency banknotes, but, due to banks imposing commission charges on these, they were withdrawn after a short period. Extant examples are actually quite difficult to find. These bear the title of 'Acting Governor'.
(2003) 5,000 dollars.
(2003) 10,000 dollars.
(2003) 20,000 dollars.
[edit] Bearer Cheques, first and second issue (15 September 2003)
1) To be paid on demand on or before 31 January 2004.
This first issue of bearer cheques was issued to replace the extremely unpopular traveller's cheques. These bear the title 'Acting Governor'. This first issue is VERY rare.
2003 5,000 dollars.
2003 10,000 dollars.
2003 20,000 dollars.
2) To be paid on demand on or before 30 June 2004.
While the first issue was valid for only four and a half month, the second issue, issued on the same day, was valid for nine and a half months.
2003 5,000 dollars.
2003 10,000 dollars.
2003 20,000 dollars.
[edit] Bearer Cheques, third issue (1 December 2003) (G. Gono)
To be paid on demand on or before 31 December 2004.
These were the first banknotes to have been issued bearing the signature of G. Gono, who is the fifth Governor of the Reserve Bank of Zimbabwe.
2003 5,000 dollars.
2003 10,000 dollars.
2003 20,000 dollars.
[edit] Bearer Cheques, fourth issue (1 December 2003)
To be paid on demand on or before 31 December 2005.
This issue of bearer cheques is of historic significance, as it was the final issue before Robert Mugabe issued his notorious decree on 7 December 2003, in which he announced that he was pulling Zimbabwe out of the Commonwealth.
2003 5,000 dollars.
2003 10,000 dollars.
2003 20,000 dollars.
[edit] Banknote issue (2004)
This note is the only banknote, as opposed to a bearer cheque, that has been issued since Zimbabwe was pulled out of the Commonwealth.
2004 500 dollars.
[edit] Bearer Cheques, fifth issue (2006)
Pay the bearer on demand on or before 31 December 2006.
Due to the continuing hyperinflation, the Reserve Bank of Zimbabwe was forced to issue two new denominations of bearer cheques.
2006 50,000 dollars. (1 February 2006)
2006 100,000 dollars. (1 June 2006)
[edit] Bearer Cheques, sixth issue (1 August 2006)
The Bearer Cheques were issued as part of a currency reform campaign of the Zimbabwean dollar, in a futile attempt to stem hyperinflation. All previous issues of Bearer Cheques were demonetized,
Despite a currency reform campaign under the slogan 'Zero to Hero', Many civilians of Zimbabwe were unable to convert their old Bearer Cheques to new issues before the deadline.
All Bearer Cheques of the sixth issue are signed by Gideon Gono and were valid until 31 July 2007.
2006 1 cent
2006 5 cents
2006 10 cents
2006 50 cents
2006 1 dollar.
2006 5 dollars.
2006 10 dollars.
2006 10 dollars. (Replacement note 'ZA' prefix)
2006 20 dollars.
2006 50 dollars.
2006 100 dollars.
2006 500 dollars.
2006 1,000 dollars.
2006 10,000 dollars. (Denomination expressed as '$10000', serial no. prefix AA)
2006 10,000 dollars. (Denomination expressed as '$10 000', serial no prefix AB-)
2006 100,000 dollars. (Denomination expressed as '$100000', serial no. prefix AA)
2006 100,000 dollars. (Denomination expressed as '$100 000', serial no prefix AB-AZ, BA- )
[edit] Bearer Cheques, seventh issue (2007)
| Year | Denomination | Issue Date | Colour | Notes |
|---|---|---|---|---|
| 2007 | 5,000 ZWD | 1 February 2007 | Blue | |
| 2007 | 50,000 ZWD | 1 March 2007 | Red | Replacement note 'ZA' prefix |
[edit] Bearer Cheques, eighth issue (2007)
| Year | Denomination | Issue Date | Colour |
|---|---|---|---|
| 2007 | 200,000 ZWD | lst July 2007 | Red-Brown |
| 2007 | 250,000 ZWD | 20th December 2007 | Olive |
| 2007 | 500,000 ZWD | lst July 2007 | Green |
| 2007 | 750,000 ZWD | 31st December 2007 | Violet |
[edit] Bearer Cheques, ninth issue (2008), expires 30th June 2008.
Although these cheques were issued this year, the value of the following cheques have diminished radically.
2008 1,000,000 dollars. (1 January 2008). Issued 18 January 2008.
2008 5,000,000 dollars. (1 January 2008). Issued 18 January 2008.
2008 10,000,000 dollars. (1 January 2008). Issued 18 January 2008.
2008 25,000,000 dollars. (2 April 2008) Issued 4 April 2008
2008 50,000,000 dollars. (2 April 2008). Issued 4 April 2008 [1] [2] [3]
[edit] Bearer Cheques, tenth issue (2008), expires 31st December 2008.
2008 100,000,000 dollars. (2 May 2008). Issued 6 May 2008
2008 250,000,000 dollars. (2 May 2008). Issued 6 May 2008 [4]
2008 500,000,000 dollars. (2 May 2008). Issued 15 May 2008
[edit] Agro Cheques (20 May 2008). Expires 31 December 2008.
The Reserve Bank of Zimbabwe has now issued a series of Agro Cheques, which are intended for use by farmers. They can be used in the same way as the current Bearer Cheques.
[edit] See also
- Banknotes of the Cargill Cotton Group (Zimbabwe)
- Reserve Bank of Zimbabwe
- Zimbabwean dollar
- Paper money of the Zimbabwean dollar
[edit] References
- ^ http://www.cbc.ca/gfx/images/news/photos/2008/04/04/zimb-bignote-cp-4620051.jpg
- ^ The Zimbabwe Situation
- ^ The Zimbabwe Situation
- ^ The Zimbabwe Situation
