Zimbabwe issues new $20- and $50-billion notes

On January 12, 2009, the Reserve Bank of Zimbabwe introduced another pair of new high-denomination notes, coinciding with the lifting of withdrawal restrictions this week. The design of the new 20-billion-dollar note includes the Chiremba balancing rocks in Epworth on the front. The back depicts the RBZ headquarters building and the Great Zimbabwe ruins. The new 50-billion-dollar note was worth US$1.25 at Monday's black market exchange rate. A week ago, Z$50 billion was worth US$2.20, and two weeks ago it was worth US$3.30.







Courtesy of Abdullah Beydoun.