Product Description
SCWPM.#66 - TBB.#B157a - Date: 2007Grade: Unc. - Signature: 5 - Prefix: AB
Description: Colour: Brown.
Front: Chiremba balancing rocks in Epworth.
Back: Dam; elephant.
Windowed security thread with demetalized RBZ 5.
Watermark: Zimbabwe bird Type C and electrotype 5.
Printer: (G&D). Giesecke & Devrient, Germany
Size: 138 x 68 mm. - Material: paper.
General information: 2007 - 2008 Issues
On 1 August 2008, in an effort to simplify calculations in economic transactions, the Reserve Bank of Zimbabwe re valued its currency, striking ten zeros from the old Zimbabwe dollar. The move came just a week after the introduction of a 100 billion-dollar special agro cheque not enough to buy a loaf of bread which became worth ten dollars under the new system.
Concurrent with the revaluation, a new series of banknotes was also issued, and old coins were also reintroduced after years of obsolescence.
The new notes circulated with the older bearer cheques and special agro cheques, which remained legal tender until 31 January 2009, instead of 31 December 2008, the expiration date printed on the bearer cheques.
Source: The Banknotebook.
