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Replies: 74 / Views: 13,377 |
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Pillar of the Community
Canada
1463 Posts |
Interesting history. Mugabe after essentially eliminating all opposition went ahead with what's called land reform. Rich farm lands were to be repatriated to those who were the original inhabitants, for the most part, his cronies. It was racial in nature because the farms were owned and operated by the descendants of the original European settlers to the area. Farming made up 30% of the gdp; breadbasket of Africa. Unfortunately those that seized the land didn't know a thing about farming and there went enough of the economy to hurl the country into economic crisis. Soon production stopped, goods cost more, the value of the currency plummeted, Mugabe et al were stubborn, didn't take control and kept moving ahead with land reform. In the end 100 trillion dollar bank notes were laying in the street, worth nothing more than toilet paper. My family wasn't there for that thank god, but we followed it right to where it is now. Back in Rhodesia (Zimbabwe) They use the U.S. Dollar now, when they can get it. And to think, when Mugabe was seizing control, the world viewed him as a Nelson Mandela. The way we view it, Nelson mandela's actions were dictated by love while Mugabe's actions were dictated by hate.
Do I have a Rhodesia and Zimbabwe currency collection? Absolutely.
Edited by Alan 12/06/2015 12:53 am
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Bedrock of the Community
  United States
12844 Posts |
Thanks again for the history on this, Alan. Below are my most recent $Z acquisitions...trying to fill in a few gaps. The one that I'm not sure of is the $Z 20k Bearer Cheque at the upper right. Is that a P23? P18? Something else? It's dated December 1st 2003 and expired December 31st 2005. 
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Pillar of the Community
Canada
1463 Posts |
Great notes. Was never big on Recording catalogue numbers on these, if I don't have one I just grab it. Not even overly worried about the condition on these. You'll notice the higher the denomination the more crisp they are, because of the fact that when the later hyper inflation happened, people saw no value in them for spending and became essentially useless for everyday purchases and necessities.
Try to find a well circulated 100 trillion! A lot rarer than the crisp unc ones. Another point of interest is, the U.S. Currency is circulated so much, because there is so little of it in Rhodesia and it's used so much that it has to be cleaned and washed and hung to dry. Some of the most circulated notes I've ever seen. Dirty wrinkly us bills. Circulating currency speaks for the society.
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Valued Member
Sweden
347 Posts |
Soon I'll have all the 2007/2008 series (1-100 Trillion dollars). I could post a pic here when the last note arrived (which hopefully will be before new year) if anyone's interested.
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Bedrock of the Community
  United States
12844 Posts |
Definitely interested in your photos!
I also have a few arriving this week, hopefully.
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Bedrock of the Community
  United States
12844 Posts |
Political history aside, what's the story with the stacked rocks so prevalent throughout the various issues of $Z?
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Pillar of the Community
Canada
1463 Posts |
The rocks are the central bank's emblem. And for the bearer checks, they're the 2006 incarnation of one of the three stages of re numeration, or redenominiation.
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Bedrock of the Community
  United States
12844 Posts |
Thanks, Alan. Does the bank even exist any more?
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Pillar of the Community
Canada
1463 Posts |
Ironically yes, It does still exist, however it's basically a ghost central bank. it really has no purpose, because there is no Zimbabwe currency anymore, without a currency, a central bank should not exist, furthermore, It brings forth the discussion of how sovereign a country is without a currency. the Zim reserve bank should be done away with or recreated if there is ever any hopes of future faith in any paper they issue.
as I mentioned, the circulating currency is primarily U.S. dollar, as well as the South African rand, and anything that's relatively stable. Bitcoin is used widely, believe it or not.
In regards to putting politics aside, Zim banknotes can't be understood without examining the underlying policies of the party in power, or the monetary policies brought forth as a reactionary measure to those policies.
It's fair to say that the Zimbabwe dollar is the likely the most politically charged currency ever created. A point of interest, one of the later Zim central bank governors was highly critical of the land reform policies; the main cause of the hyperinflation, but his concerns fell on deaf ears.
Edited by Alan 12/16/2015 9:50 pm
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Bedrock of the Community
  United States
12844 Posts |
Perhaps a poor choice of words on my part; I should probably have just omitted "political history aside".
I understand that politics has a great deal to do with the history of $Z notes and I appreciate the knowledge you've shared.
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Bedrock of the Community
  United States
12844 Posts |
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Bedrock of the Community
  United States
12844 Posts |
I posted this new acquisition in the New Notes thread as well, but figured I'd document my $Z acquisitions here as well since I originally started this thread looking for a checklist of $Z notes.  This one is the only $Z note I've come across with this rather unique zebra-themed holographic security strip.
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Bedrock of the Community
  United States
12844 Posts |
In the mail today -- P45-P48, P51, P53, P54, P78:  It's hard to tell from the photo but the 50k bearer cheque has sparkly purple ink for the large "50000" in the upper right-hand corner.
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Bedrock of the Community
  United States
12844 Posts |
Latest batch from the mail last week. They are: 2003 $20k Traveler's Cheque (P18) 2006 $50k Bearer's Cheque (P28, P29 or P30) 2006 $100k Bearer's Cheque (P31 or P32) 2008 $250M Bearer's Cheque (P59)  From my research I can't tell what P# those two 2006 Bearer's are; will continue to dig unless one of you knows. I'm waiting on 2 more overseas shipments, after which time most of my "base" $Z collection will be complete and the remaining holes will be scarce varieties, older notes, and rare cheques.
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Pillar of the Community
Canada
1463 Posts |
Man, is that ever a nice collection, really coming along! My favourite was always the 500 zebra. Certainly the most appealing note they released. Forgot about that one! Good for you for discovering the series and grabbing all you can. Best of luck!
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Replies: 74 / Views: 13,377 |