Gradually, Then Suddenly
ZIM32, 2006, 100,000 ZWD

Slot Comment:

1st Dollar Emergency Bearer Check AT Prefix - Issued 1 Jun 2006

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Note Details

  

Set Details
Note Description: 100,000 Dollars 2006 - Sign. #8
Grade: 66 EPQ
Country: Zimbabwe
Note Number: ZIM32
Signatures/
Vignettes: 		- Wmk: Zimbabwe Bird
& RBZ
Certification #: 8046910-043
Owner: Revenant
Set Category: World
Set Name: Gradually, Then Suddenly
Slot Name: ZIM32, 2006, 100,000 ZWD
Research: See PMG's Census Report for this Note

Owner's Description

This 100,000 Dollar Bearer check is the final issue / pick / type of note released under the first dollar (ZWD) and it is the highest denomination released for that original Zimbabwean currency. The first redenomination removed “only” 3 zeros. The idea of having gone through and inflation so severe that the currency had lost 99.9% of its value and the denominations therefore needed to be reduced by three orders of magnitude is horrifying. For most people, especially those in developed “Western” countries like the US and the EU nations, this is practically inconceivable / unimaginable. However, the sad truth of it is that the 2nd and 3rd redenominations, which removed 10 and 12 zeros, respectively, make this monetary nightmare seem practically quaint. The 100 Billion dollar Agro Check that ended the 2nd dollar run and the 100 Trillion dollar note that ended the third dollar series make a 100,000 dollar note look cute.

This series of Bearer checks represented by ZIM28 through ZIM32 only features two denominations - $50,000 (ZIM28 to ZIM30) and $100,000 (ZIM31 & ZIM32). While still and “emergency check” issue and not a banknote, these issues differed significantly from the Traveler’s Checks and Cargill Bearer Checks that preceded them. These “checks” were not made out to a specific person, did not have to be redeemed by that person, and did not need to be canceled.

This note is one of three that my wife and I bought as my valentine's day present in 2019.

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