Set Description:
Only six months after the first redenomination the Reserve Bank of Zimbabwe announced in February 2007 that there would be a 2nd redenomination and a third Zimbabwean dollar. However, the government said that stability would need to be achieved before they'd release the new banknotes ("stability" defined as only double digit inflation). They, of course, did not achieve this, but the 2nd redenomination occurred anyway in July 2008. 10 zeroes were removed - the decimal places was moved 10 places (new currency code: ZWR).
It is a testament to the increasingly severe inflation that the 2nd redenomination occurred less than 2 years after the first, but, where the first redenomination removed only three zeroes, the second removed ten.
10 Billion ZWN = 1 ZWR
It's interesting to note that the highest "Billion" denomination is 50 Billon dollars and the lowest "Trillion" denomination is 10 Trillion Dollars. There is no 100 Billion. There is no 200 Billion. There is no 500 Billion. There is no 1 or 5 Trillion note. By this point in time the inflation situation had gotten so far out of control that they had to skip all of that and go right for denominations of 10 to 100 Trillion dollars.
While dated for 2008, the Trillions series notes were announced and released into circulation in Jan 2009.
Like many others, I started collecting the Zimbabwean banknotes with these - the highest denomination issues. I'd completed this 4-note short set by early 2016.
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