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100 000 Dollars Emergency Bearer Cheque

Issuer Reserve Bank of Zimbabwe
Year 2005
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Shape Rectangular
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Obverse description The obverse carries the Reserve Bank of Zimbabwe logo at upper left, with the denomination 100,000 DOLLARS rendered in large numerals at either side. A vignette of the Flame Lily, Zimbabwe's national flower, appears as a central underprint motif. The face of the note is structured as a formal bearer cheque, with the issuing authority text and payment terms set in letterpress across the centre, framed by guilloche patterning.
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Signature(s) Dr. Gideon Gono (Sig.8)
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Comments

Zimbabwe's 2005 bearer cheques were a bureaucratic workaround — the Reserve Bank lacked legal authority to issue banknotes above certain denominations without parliamentary approval, so these instruments were classified as cheques rather than currency. The distinction was entirely nominal; they circulated as cash and were accepted as such.

The 100,000 dollar face value, which would have been substantial a year earlier, was already losing ground to inflation that the government's own statistics significantly understated. The relatively high print run of over twelve million reflects how quickly demand for high-denomination paper outpaced supply during this period.