- Monetary unit:
- Country code:
- Zimbabwe, Republic
- Zimbabwean dollar
- of 390 624 sq. km
- English (state)
- ZW (ZWE) 716
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Republic Zimbabwe Monetary unit is the Zimbabwean dollar making 100 cents and manufactured by the Reserve bank of Zimbabwe. The international designation of the Zimbabwean dollar having astable enough rate, looks like ZWD , inside this African country it designate by means of signs Z $ .
In territory of the former English possession - Southern Rhodesia, Northern Rhodesia and Nyasaland - addressed South African (till 1932) And English coins. With establishment in 1939 of Management of monetary circulation of Southern Rhodesia currency issue has been assigned to it in the pounds declared by a lawful legal tender for Southern and Northern Rhodesia and Nyasaland. In 1953 association of a self-coping colony of Southern Rhodesia and protectorates of Northern Rhodesia and Nyasaland in Federation of Rhodesia and Nyasaland has been manufactured. After Federation disintegration on December, 31st I960 in its territory in 1964 there were independent states of Malawi (. Nyasaland) and Zambia (. Northern Rhodesia). The Monetary unit of Southern Rhodesia (Zimbabwe) had been declared Rhodesian pound. After power grab in the country in November, 1965 the racist government Southern Rhodesia has been excluded from a sterling area. On February, 17th, 1970 instead of Rhodesian pound the Rhodesian dollar has been entered. Since April, 15th, 1981 the national monetary unit - dollar of Zimbabwe is entered.
The Face side of the note in nominal value of 20 dollars (the size - 148 x 74 mm, primary colours - beige and light green) is decorated by the plotting of stones Metalos, the well-known Victoria falls are on the back represented. The denomination in nominal value of 50 dollars (the size - 148 x 74 mm, primary colour - violet) contains on the the obverse and turnaround parties the same plotting.
The watermark and a protective strip are applied To protection of authenticity of notes. The watermark is executed in the form of the plotting of a Zimbabwean bird and an abbreviation of the Reserve bank of Zimbabwe (RBZ). On the protective strip crossing the note to the left of its center, the microtext puts a retried abbreviation of the Reserve bank of Zimbabwe - RBZ.
In Zimbabwe owing to catastrophic rates of inflation the central bank had been manufactured denominations of denomination 10 000 000, 500 000 000 and even 50 billion Zimbabwean dollars.
Foreign exchange Use (the South African rand, a pula of Botswana, the British pound, US dollar and euro) in monetary accounts of Zimbabwe has been legalised in January, 2009. This step has led even more to falloff of use of Zimbabwean dollar.
On February, 2nd, 2009 the Zimbabwean dollar has been once again denominated, in the ratio 1 000 000 000 000 ZWR to 1 ZWL.
From dollar have actually refused as official currency on April, 12th, 2009 after the minister of economic planning Elton Mangoma has confirmed native currency suspension, at least for a year. Now the government of Zimbabwe has declared that the currency of Zimbabwe should be reduced, if industrial output makes 60 % or more, in comparison with April, 2009.
It is updated 03.2012