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Zimbabwe

The Republic of Zimbabwe is a southern African country, locked by Zambia, Botswana, Mozambique, and South Africa. With the Zambezi River lining the north and the Limpopo River to its south, the country possesses a stunning landscape, reserves, safari zones, and diverse fauna.

Zimbabwe has a fast-growing economy with the service sector as a major contributor to its GDP. Its land is rich in raw materials such as iron ore, gold, platinum, coal, and diamonds. Because of its military intervention in the civil conflict in the Democratic Republic of the Congo between 1998 and 2002, Zimbabwe has lost millions of dollars. The commercial farming industry that makes up most of the exports and employs about 400,000 of its workforce has been severely damaged due to the land reform program motivated by violence and turmoil.

From 2009 to 2013, Zimbabwe has recovered from its fall and its economy flourished at an average of 12%, making it among the world’s booming economies. Its real growth was recorded at 5.9% in 2010.  Despite its notable economic development, Zimbabwe is still challenged with a substantial amount of debt and inadequate formal employment.  

The Zimbabwean Dollar is the official currency of the country, replacing the Rhodesian dollar. The first set of banknotes of the Reserve Bank of Zimbabwe was released in 1981 with the date 1980 to celebrate the nation’s freedom from the United Kingdom. These notes are in 2, 5, 10, and 20 dollar denominations and were initially signed by the Reserve Bank of Rhodesia’s last governor, Desmond Charles Krogh. The Zimbabwean dollar was 3 times and was eventually demonetized in 2009 because of years of hyperinflation as a result of the unregulated printing of paper bills, land reforms, and the country’s involvement in the Congolese war.

Zimbabwe banknotes that were in circulation before the Zimbabwe dollar was eliminated featured the Chiremba Balancing rocks in Epworth. The rock formation signifies the balance between man nature. These notes were equipped with a watermark that reflects the denomination. 
 

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