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20 000 Dollars

Issuer Reserve Bank of Zimbabwe
Year 2008
Type Standard circulation banknote
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Reverse description The reverse presents a dual vignette composition: Victoria Falls (Mosi-oa-Tunya — The Smoke that Thunders) on the Zambezi River occupies the central field, while Kariba Dam on the Zambezi River is depicted as a secondary vignette. The design is set against a structured guilloche background with the denomination and bank name rendered in letterpress.
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Signature(s) Dr. G. Gono (Sig.8)
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By the time this note entered circulation in early 2008, Zimbabwe's inflation rate had already rendered its face value nearly meaningless within days of issue. Fidelity Printers and Refiners — the Reserve Bank's own printing subsidiary — was running presses around the clock to keep pace with denominations that multiplied month by month, a logistical absurdity with few modern parallels.

The colour-shifting ink was a costly security feature on a note whose purchasing power evaporated faster than any counterfeiter could exploit it. Within the same year, the 20,000-dollar denomination would be dwarfed by notes denominated in the hundreds of billions.