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ABN 26 152 088 349, AFSL No. 2137 Institute Financial Futures Association subscriber number 1571. This infobox shows the latest status before this currency was rendered obsolete. Zimbabwe from 1980 to 12 April 2009.
Over time, hyperinflation in Zimbabwe reduced the Zimbabwe dollar to one of the lowest valued currency units in the world. Use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009. It was demonetised in 2015, with outstanding accounts able to be reimbursed until April 30, 2016. The main illustration on the obverse of all of the banknotes was the Chiremba Balancing Rocks in Epworth, Harare, which were used as a metaphor demonstrating the importance of balancing development and the preservation of the fragile environment. The first Zimbabwean dollar was introduced in 1980 and replaced the Rhodesian dollar at par. The initial ISO 4217 code was ZWD.
In October 2005, the head of the Reserve Bank of Zimbabwe, Dr. Gideon Gono, announced that Zimbabwe would have a new currency the following year, and new banknotes and coins would be produced. During the same month, the Reserve Bank of Zimbabwe declared inflation illegal, outlawing any raise in prices on certain commodities between 1 March and 30 June 2007. On 30 July 2008, the dollar was redenominated. The new currency code was ZWR.
On 2 February 2009, the RBZ announced that a further 12 zeros were to be taken off the currency, with 1,000,000,000,000 third Zimbabwe dollars being exchanged for 1 new fourth dollar. Despite the introduction of the fourth dollar, the problems were not eliminated, and the economy continued to be almost completely dollarised. In his first budget, the Zimbabwe finance minister, Tendai Biti, stated “the death of the Zimbabwe dollar is a reality we have to live with. All four issues of the Zimbabwean dollar experienced high rates of inflation, although it was not until the early 2000s that Zimbabwe started to experience totally unsustainable hyperinflation. The regime is surviving by printing money: at this stage there is no other way.