Zimbabwe currency carries an expiry date

Zimbabwe’s hyperinflation situation is well-known. Currently it is at 100,000 %. I came across this picture of the ten million dollar note where their Central Bank has given an expiry date for the note. Yes, it says the note is valid till 30 June 2008.

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18 Responses to “Zimbabwe currency carries an expiry date”

  1. shalini Says:

    Infact Zimbabwe’s banknotes are not notes at all they are bearer bond
    Here is what Wikipedia has to say
    The Banknotes of Zimbabwe are issued by the Reserve Bank of Zimbabwe. It replaced the Rhodesian dollar in 1980, after the proclamation of independence within the Commonwealth of Nations, as the Republic of Zimbabwe.

    However, regular issues of banknotes have not been in circulation at all since the country’s monetary reform of 1 August 2006, because of heavy inflation. In addition different denominations of the Zimbabwe dollar were issued to cope with the rapidly rising cost of living. There are currently two types of Zimbabwean promissory notes in circulation: Bearer Cheques, which were introduced on 15 September 2003, often lack sophisticated security features which are heavily employed in many modern banknotes, especially those of the Swiss Franc and the Euro. Bearer Cheques also carry a time limit on the period in which it is valid for. On 15 May 2008, Special Agro Cheques (Agricultural Cheques) were issued for use by Zimbabwean farmers, although it may have found its way into regular use as prices continue to rise. These cheques also carry a time limit and a low level of security features. Currently both cheques carry the signature of the Governor, Dr. Gideon Gono.

    • jhonbrother Says:

      i have 50 billion special agro cheque . plz tell me how can i exchange in pakistani currency. what is the process of buy

  2. Avid reader Says:

    Interesting! Perhaps this will become the norm as the financial crisis starts wrecking other economies.

  3. New Trends » Blog Archive » zimbabwe currency Says:

    […] Zimbabwe currency carries an expiry dateZimbabwe’s hyperinflation situation is well-known. Currently it is at 100000 %. I came across this picture of the ten million dollar note where their Central Bank has given an expiry date for the note. Yes, it says the note is valid … […]

    • mlungisi zondo Says:

      i have 100 000 zimbabwean note that is expired what i must do with it throw it away or exchange it

  4. Zimbabwe introduces 100 billion note « Mostly Economics Says:

    […] introduces 100 billion note I pointed Zimbabwe’s currency carries an expiry date. One of the comments told me that it is actually […]

  5. Aidan Work Says:

    The term ‘Bearer Cheque’ in Zimbabwe’s case,is just another way of saying ‘hyperinflation emergency banknote’.

    The Zimbabwean Bearer Cheques & Agro-Cheques,although they are worthless as currency in real terms,they are extremely popular with banknote collectors,especially those from British Commonwealth countries.

    They are now starting to get listed in the Standard Catalog of World Paper Money (which is published by Krause Publications),so the Bearer Cheques & Agro-Cheques ARE banknotes.

  6. andrew Says:

    hello i want to know the amount in us dollars of the 50 billion special agro cheque of Zimbabwe in us dollars and the and how you can use it that’s is it zimbabwe only or all around the world

  7. Bonnie Says:

    I have a special agro-cheque…one hundred billion dollars from reserve bank of zimbabwe..the issue date is 1st july 2008. Is it of any value?

  8. grosir kaos polos Says:

    grosir kaos polos…

    […]Zimbabwe currency carries an expiry date « Mostly Economics[…]…

  9. faheem pervaiz Says:

    how can change expiry special agro cheq i have a 50 billion cheq send me fast reply

  10. faheem pervaiz Says:

    i have a 50 billion special agro cheq and its date 31 december is it any value send me reply fast

  11. saron hailu Says:

    Hello,I av a 50 billion special agro cheques dollars.Is it currently used in the country? Thanks in advance

  12. date Says:

    The website, same role that?Urge to help, to say Ten.To food in, have found great.Is booming The date, benefits of these other information that.Drugs bring certain, and also transmit.,

  13. MOULA RAJU Says:

    i have 500mllion dollar that the note is expier today

  14. Paul M S Says:

    So its true that zimbabwan dollar expire, I have Z$50 billion.

  15. Neelam mohan Says:

    We have 10 million dollars what is expire date

  16. Neelammohan Says:

    We have 10 million dollars note what is it’s expired date

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