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50 000 Dollars Emergency Bearer Cheque

Issuer Reserve Bank of Zimbabwe
Year 2006
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Reference(s) P#29
Obverse description The Reserve Bank of Zimbabwe logo is positioned at upper left, accompanied by a vignette of the Flame Lily (Gloriosa superba), the national flower of Zimbabwe. The face value '50000' appears in large numerals at both left and right margins, with the issuing authority title and bearer cheque legends arranged across the central field. Guilloche underprint patterns fill the background in a light tint, providing a decorative security element.
Obverse lettering $50000 RESERVE BANK OF ZIMBABWE $50000 BEARER CHEQUE Pay the bearer on demand FIFTY THOUSAND DOLLARS on or before 31st December 2006 for the Reserve Bank of Zimbabwe Issued date: 1st February 2006
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Comments

Zimbabwe's hyperinflationary spiral forced the Reserve Bank into repeated emergency issuances throughout 2006 — this bearer cheque series was never intended as permanent currency but as a stopgap instrument with a fixed expiry date, redeemable only within a defined window before becoming legally worthless. The use of bearer cheque nomenclature was a bureaucratic workaround to sidestep statutory limits on note issuance that still technically applied to the Reserve Bank at the time.

Fidelity Printers and Refiners, the state-owned security printer in Harare, produced the entire run domestically — a significant detail given that Zimbabwe had previously relied on foreign security printers before hard currency shortages made those contracts untenable.

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