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.
Issuance of the Billions series (denominations of $1 Billion or higher) started shortly before Christmas 2008, with the $20 Billion and $50 Billion notes releasing in January 2009.
I picked up the first three notes in this series (P-83, P-84, and P-85) when I first started collecting these notes in early 2015 / late 2016. I didn't finally pick up P-86 and P-87 until 2019, when I got back into the series. For a long time there is was hard to pick those up for a price that I didn't think was at least somewhat inflated.
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