Banknotes of Zimbabwe

The banknotes of Zimbabwe were physical forms of Zimbabwe's first four incarnations of the dollar ($ or Z$), from 1980 to 2009. The banknotes of the first dollar replaced those of the Rhodesian dollar at par in 1981, one year after the proclamation of independence. The Reserve Bank of Zimbabwe issued most of the banknotes and other types of currency notes in its history, including the bearer cheques and special agro-cheques ("agro" being short for agricultural) that circulated between 15 September 2003 and 31 December 2008: the Standard Chartered Bank also issued their own emergency cheques from 2003 to 2004.

Banknotes of Zimbabwe
Banknotes of the third Zimbabwean dollar, from $1 to $100 trillion
ISO 4217
CodesZWD, ZWN, ZWR, ZWL
First Zimbabwean dollar (ZWD)
Denominations
  • $2 to $1000 (banknotes)
  • $5000 to $100000 (bearer cheques)
Second Zimbabwean dollar (ZWN)
Equal to1000 ZWD
Denominations
  • 1¢ to $500 million (bearer cheques)
  • $5 billion to $100 billion (agro-cheques)
Third Zimbabwean dollar (ZWR)
Equal to1010 ZWN, 1013 ZWD
Denominations$1 to $100 trillion
Fourth Zimbabwean dollar (ZWL)
Equal to1012 ZWR, 1022 ZWN, 1025 ZWD
Denominations$1 to $500
Issuance
CountryZimbabwe
Issuers
  • Reserve Bank of Zimbabwe (1980–2009)
  • Standard Chartered (2003–2004)

The obverse of Zimbabwean banknotes (including notes of the current dollar) featured an illustration of the Domboremari, one of the Chiremba Balancing Rocks located near Harare and Epworth: the Domboremari also appeared on bearer and agro-cheques, as part of the Reserve Bank's logo. The reverse often featured the culture or landmarks of the country.

The second dollar (ZWN) was replaced on 1 August 2008 by the third dollar (ZWR), which was then phased out by the fourth dollar (ZWL) with short notice on 2 February 2009 because it rapidly lost value. The economic and trade sanctions imposed against the Zimbabwean government and the Reserve Bank made it difficult to incorporate modern security features on most banknotes issued since September 2008.

The power-sharing government of Prime Minister Morgan Tsvangirai suspended the Zimbabwean dollar on 12 April 2009, and banknotes of the third and fourth dollars were demonetised in September 2015, after over 6 years of disuse. However, the Reserve Bank reintroduced local banknotes the following year, due to a shortage of hard currencies such as the United States dollar.

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