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10 000 000 Dollars

Issuer Reserve Bank of Zimbabwe
Year 2008
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Shape Rectangular
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Obverse lettering 10 000 000 RESERVE BANK OF ZIMBABWE I promise to pay the bearer on demand TEN MILLION DOLLARS for the Reserve Bank of Zimbabwe HARARE 2008
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Protection description Colour-shifting ink applied to the Zimbabwe Bird vignette on the obverse; watermark incorporated into the paper substrate; embedded security thread running vertically through the note
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By the time this note entered circulation in mid-2008, Zimbabwe's month-on-month inflation had already exceeded 2.2 million percent. The Reserve Bank's decision to print domestically through Fidelity Printers — rather than abroad, as had been common for earlier Zimbabwean issues — was partly driven by the near-total collapse of foreign currency reserves needed to pay overseas printers.

Ten million dollars bought a loaf of bread, briefly, before that too became insufficient. The note was demonetized and superseded within months by the third dollar redenomination.

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