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5000 Cedis Small
| Issuer | Bank of Ghana |
|---|---|
| Year | 1996-2006 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANK OF GHANA THIS NOTE IS ISSUED ON STATUTORY AUTHORITY AND IS LEGAL TENDER FOR THE PAYMENT OF ANY AMOUNT FIVE THOUSAND CEDIS FREEDOM AND JUSTICE GYE NYAME 5000 GOVERNOR (GYE NYAME Translation: Except for God) |
| Reverse description | Log in to see details |
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| Variants | P#34a - 05.12.1996 P#34b - 01.12.1997 P#34c - 02.05.1998 P#34d - 01.07.1999 P#34e - 01.07.2000 P#34f - 03.09.2001 P#34g - 22.10.2001 P#34h - 02.09.2002 P#34i - 04.08.2003 P#34j - 04.08.2006 |
| Comments |
Ghana's 5000 Cedis note existed because the cedi had collapsed so thoroughly under decades of inflation that by the mid-1990s it took thousands of them to buy a loaf of bread. The denomination wasn't ambition — it was triage. The entire small-format series was Ghana's attempt to rationalize a currency that had shed most of its value since the early 1970s, when the cedi still traded near parity with sterling.
Thomas De La Rue printed the series across a ten-year window, an unusually long run that reflects how slowly Ghana's monetary situation stabilized. The 5000 Cedis was eventually rendered obsolete by the 2007 redenomination, which introduced the Ghana Cedi at a rate of 10,000 old cedis to one new unit.