Zimbabwean Dollar

Zimbabwean Dollar

Zimbabwean Dollar overview

The Zimbabwean dollar (sign: $, or Z$ to distinguish it from other dollar-denominated currencies) was the official currency of Zimbabwe from 1980 to 12 April 2009. During this time, it was subject to periods of above-average inflation, followed by a period of hyperinflation.The Zimbabwean dollar was introduced in 1980 to directly replace the Rhodesian dollar at par (1:1), at a similar value to the US dollar. Over time, hyperinflation in Zimbabwe reduced the Zimbabwe dollar to one of the lowest valued currency units in the world. It was redenominated three times (in 2006, 2008 and 2009), with denominations up to a $100 trillion banknote issued. The final redenomination produced the "fourth dollar" (ZWL), which was worth 1025 ZWD (first dollars). Use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009. It was demonetised in 2015, with outstanding accounts able to be reimbursed until April 30, 2016. In place of the Zimbabwean dollar, currencies including the South African rand, Botswana pula, pound sterling, Indian rupee, euro, Japanese yen, Australian dollar, Chinese yuan, and the United States dollar are now regularly used.

1 ZWD to USD exchange rates chart

ZWD to  exchange rates chart

Zimbabwean Dollar news

Zimbabwe: Broke again

Biggest News Source for News in Uganda and the East African Region ,Breaking news in Uganda and Daily news and the latest from Uganda

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Long Lines, High Prices, No Cash: Zimbabwe Crippled by Economic Reforms

An onslaught of new policies aimed at saving Zimbabwe’s economy seem to have tanked it instead.

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A year after Mugabe, hopes for a new Zimbabwe still low

With fears of economic collapse and deepening divisions, government will have to act much faster on its promises.

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Zim economic woes: Is it business as usual or a platform for change? | IOL Business Report

It appears that the Zimbabwean economy has opted for euthanasia to end its pain and suffering… write Siyabonga Hadebe and Luther-King Junior Zogli.

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Mangudya lost his cool under pressure from legislators

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya - who is usually calm and patient - yesterday lost his cool under pressure from legislators at a pre-budge...

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Zimbabwe sees 2019 budget deficit at 4 percent of GDP
Zimbabwe sees 2019 budget deficit at 4 percent of GDP

Zimbabwe wants to reduce its budget deficit to 4 percent of gross domestic product in 2019, down from this years' 11.1 percent forecast.

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