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20 000 Dollars Travellers Cheque
| Issuer | Reserve Bank of Zimbabwe |
|---|---|
| Year | 2003 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ZIMBABWE DOLLAR TRAVELLERS CHEQUE RESERVE BANK OF ZIMBABWE When countersigned here by the holder in the presence of the person cashing will pay the order of Twenty Thousand Zimbabwe Dollars Signature of holder Valid only in Zimbabwe Issuer: Reserve Bank of Zimbabwe Acting Governor |
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| Protection type | Watermark |
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| Comments |
Zimbabwe's 2003 travellers cheque series was a direct response to acute cash shortages during the hyperinflationary spiral that was already dismantling the formal banking system. The Reserve Bank issued these in bearer-cheque format as a stopgap — legally equivalent to banknotes for most transactions but technically a different instrument, which allowed the central bank to skirt certain reserve requirements.
The 20,000 dollar denomination was enormous by 2003 standards but would be rendered trivial within months. Pick 18 is among the lower-denomination survivors of a series that would eventually extend into billions.