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250 000 000 Dollars Bearer Cheque

Uitgever Reserve Bank of Zimbabwe
Jaar 2008
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Valuta Log in om details te zien
Samenstelling Log in om details te zien
Afmetingen Log in om details te zien
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In omloop tot 2008
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Beschrijving voorzijde Log in om details te zien
Opschrift voorzijde RESERVE BANK OF ZIMBABWE Pay the bearer on demand TWO HUNDRED AND FIFTY MILLION DOLLARS on or before 31st December 2008 for the Reserve Bank of Zimbabwe Issue date: 2nd May 2008 BEARER CHEQUE
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde Log in om details te zien
Handtekening(en) Dr. Gideon Gono (Sig.8)
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Beschrijving beveiliging Log in om details te zien
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Opmerkingen

By mid-2008, Zimbabwe's monthly inflation rate had crossed 2.2 million percent — the 250 000 000 dollar denomination was not an outlier but simply one step in a cascading series of emergency bearer cheque issues that the Reserve Bank printed in rapid succession as purchasing power collapsed faster than new notes could reach circulation. Bearer cheques were technically short-term financial instruments with printed expiry dates, a legal fiction that allowed the government to issue currency outside the formal banknote authorization framework.

Gono's signature appears on instruments spanning denominations that would increase by factors of a billion within months. This note was effectively obsolete before most of the 12.175 million printed had been distributed.

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