Currency of Zimbabwe

The currency of Zimbabwe is Dollar; the ISO of the Zimbabwean Dollar is ZWL. It is further subdivided into 100 cents. The Zimbabwean dollar was the official currency of Zimbabwe from 1980 to April 2009. The bank notes issues in 1987, illustrated the Chiremba Balancing Rocks in Epworth, Harare.

The dollar was considered to be amongst one of the high valued currencies, at the time of its introduction in 1980, as it took the place of the Rhodesian dollar; but owing to hyperinflation and political mayhem, its value soon battered, leaving it devalued to the point of becoming one of the least valued currencies of the world, after it underwent three redominations. Attempts were made to control this inflation through legislations through three redominations of the Zimbabwean dollar: the first dollar, second dollar, third dollar, and fourth dollar. However by the time the fourth dollar was introduced, the Zimbabwean dollar had become largely unrelated, as the economy was largely dollarized. This marked the death of the Zimbabwean dollar; all three redominations were abandoned, as was the use of the Zimbabwean Dollar on 12 April 2009. In a nut shell, this was the outcome of the Reserve of Bank of Zimbabwe legalizing use of foreign currencies for transactions in 2009. Now in Zimbabwe, currencies like South African rand, Botswana pula, pound sterling, euro and the US dollar are used for transactions.