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10 000 000 Dollars Bearer Cheque
| Issuer | Reserve Bank of Zimbabwe |
|---|---|
| Year | 2008 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Printer | Log in to see details |
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| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | RESERVE BANK OF ZIMBABWE |
| Signature(s) | Dr. Gideon Gono (Sig.8) |
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| Comments |
By the time this bearer cheque entered circulation in mid-2008, Zimbabwe's monthly inflation rate had already exceeded 11 million percent. The Reserve Bank pivoted to bearer cheques — technically short-term financial instruments rather than banknotes — partly as a legal mechanism to sidestep statutory limits on note issuance, and partly to allow denominations to scale faster than the printing cycle for conventional currency could accommodate.
Fidelity Printers and Refiners, a subsidiary of the Reserve Bank itself, produced the entire hyperinflationary bearer cheque series domestically. The security profile is minimal — a basic watermark — which reflects both the speed of production demands and the irrelevance of counterfeiting deterrence when a note's face value collapsed within days of issue.
The ten-million-dollar denomination was obsolete almost immediately, superseded within weeks by hundred-billion-dollar issues in the same series.