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Zimbabwe / 407 Products
The Zimbabwean Dollar (ZWD) was established to replace Rhodesian Dollar and to signify the nation’s independence from the UK in 1980. It was redenominated 3 times until its eventual collapse in 2009 due to hyperinflation caused by unregulated printing of money, the Land reform program, and government involvement in the Second Congo War. Today, Zimbabwe has a multi-currency economic system set in place where money from around the world has become legal tender.
Zimbabwe experienced a period of hyperinflation spanning a few decades that culminated in 2008 with the introduction of the 100,000,000,000,000 banknote! Currency in Zimbabwe was so devalued that you needed a big stack of high denomination bills to buy a loaf of bread! Only a few million copies of the banknote were ever produced up until 2009.
On the obverse of every Zimbabwe Dollar from the 2007 to 2008 issue we can see the famous Chiremba Balancing rocks from Epworth, a Harare Province. These rocks are said to represent the delicate balance between man and nature. This banknote also has a hidden a watermark that displays a complete denomination when held up to a light source. The letters RBZ repeat along the left side of the banknote and are printed in gold color shifting ink. Lastly, we can see an underprint of a cow with grains and a color shifting security ink featuring the country’s official emblem, the Zimbabwe Bird.