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10 000 Dollars Bearer Cheque

Issuer Reserve Bank of Zimbabwe
Year 2006
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Value 10 000 Dollars (10 000 ZWN)
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Obverse description The obverse presents a formal bearer cheque layout over a central guilloche underprint in blue and green tones, with the denomination "10 000" in large dark burgundy numerals at upper left and upper right. At left, the circular seal of the Reserve Bank of Zimbabwe appears alongside the facsimile signature of Governor Dr. G. Gono. The central text, arranged in letterpress style, states the payable date of 31st July 2007 and the issue date of 1st August 2006.
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Protection description Zimbabwe bird watermark; electrotype 'RBZ'
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Comments

By 2006, Zimbabwe's inflation had long since outpaced the Reserve Bank's ability to issue notes in useful denominations, and the "bearer cheque" format was the institution's legal workaround — technically not a banknote, which would have required parliamentary authorization under existing legislation, but a negotiable instrument the Reserve Bank could print on its own authority. The distinction fooled no one, least of all the public.

Fidelity Printers and Refiners, a Reserve Bank subsidiary in Harare, produced the entire hyperinflationary series domestically after Zimbabwe lost access to foreign printing contracts. Security features were correspondingly thin — a watermark, but none of the more sophisticated elements that outside printers typically supplied.

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