On July 30, 2008, Gono announced that the Zimbabwean dollar would be redenominated.[50] Effective August 1, 2008, ZW$10 billion would be worth ZW$1.[50] The planned denominations to be issued are coins valued Z$5, Z$10 and Z$25 and banknotes worth Z$5, Z$10, Z$20, Z$100 and Z$500.[51] While the German firm of Giesecke & Devrient is no longer printing Zimbabwean currency, The Daily Telegraph reported that the new currency was printed before the relationship was severed and has been kept in storage since then.[52]
On September 13 because of cash shortages and worthless Zimbabwean currency, foreign currency was declared Legal tender as a de facto currency.[53]

Zimbabwe's $100 billion banknote with the number of eggs it could purchase on its release date
Comment