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| 正面铭文 | RESERVE BANK OF ZIMBABWE Pay the bearer on demand TEN MILLION DOLLARS on or before 30th June 2008 for the Reserve Bank of Zimbabwe Issue date: 1st January 2008 BEARER CHEQUE Dr. G Gono Governor |
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| 背面铭文 | RESERVE BANK OF ZIMBABWE |
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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The ten-million-dollar denomination was obsolete almost immediately, superseded within weeks by hundred-billion-dollar issues in the same series.