Zimbabwean dollar (2019–2024)
Zimbabwean currency / From Wikipedia, the free encyclopedia
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The Zimbabwean dollar (sign: Z$; code: ZWL),[5] also known as the Zimdollar or Real Time Gross Settlement (RTGS) dollar,[6][7] was the currency of Zimbabwe from February 2019 to April 2024. It was the only legally permitted currency for trade in Zimbabwe from June 2019 to March 2020, after which foreign currencies were legalised again.[8]
Z$ | |
---|---|
ISO 4217 | |
Code | ZWL [lower-alpha 1][2] |
Subunit | 0.01 |
Unit | |
Unit | dollar |
Symbol | $ |
Nickname | Zimdollar, Zollar |
Denominations | |
Subunit | |
1⁄100 | cent |
Symbol | |
cent | ¢ |
Banknotes | |
Freq. used | $10, $20, $50, $100 |
Rarely used | $2, $5[3] |
Coins | |
Rarely used | 1¢, 5¢, 10¢, 25¢, 50¢, $1, $2 |
Demographics | |
Date of introduction | 25 February 2019; 5 years ago (2019-02-25)[4] |
User(s) | Zimbabwe |
Issuance | |
Central bank | Reserve Bank of Zimbabwe |
Website | www |
Printer | |
Mint | South African Mint |
Valuation | |
Inflation | 55.34% |
Source | RBZ, March 2024 |
Method | CPI |
This infobox shows the latest status before this currency was rendered obsolete. |
Due to the sharp depreciation of the Zimdollar, most transactions are being done in hard currencies, such as the U.S. dollar, in Zimbabwe. On 5 April 2024, it was announced that the Zimdollar would be replaced by the new Zimbabwe Gold (ZiG), a gold-backed currency, starting on 8 April.[9][10][11]