Introduction
Zimbabwe money is the medium of exchange and measure of value for goods and services in Zimbabwe. The official currency of Zimbabwe is Zimbabwe Dollar, which is denoted by ZWD. Zimbabwe dollar comprise of 100 cents.New Zimbabwe Dollar:
New Zimbabwe Dollar or ZWN is no longer in use. It was used for a short time on August 1, 2006, to replace the Zimbabwe Dollar(ZWD). Very recently, the Government of Zimbabwe devalued the Zimbabwe dollar .History of Zimbabwe Currency:
Previously, the currency of Zimbabwe was Rhodesian dollar (R$). After Zimbabwe became independent in 1980, the dollar was worth just about the same value as the Pound Sterling. By August 2005, the currency devalued because of inflation.|
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The inflation mounted to133% at the end of 2004, which was 32% in 1998. The exchange rate of Zimbabwe Dollar(ZWD) per USD(U.S. Dollar) touched to 6200 ZWD.
Zimbabwe currency and currency exchange rate:
Zimbabwe Dollar (ZWD) is available in denominations of Z$500, 100, 50, 20, 5, and 2 and the coins are available in denominations of Z$5, 2 and 1 and 50, 20, 10, 5 and 1 cents.1 Zimbabwe Dollar = 0.004083 US Dollar and 1 US Dollar (USD) = 244.900 Zimbabwe Dollar (ZWD) as on Monday, September 3, 2007
