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
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