10000000000 ZWD

Signatures: Governor: Dr. G. Gono

Security features: thread, microprint, intaglio, latent_image

This 10 billion dollar note was issued in 2008 during Zimbabwe's catastrophic hyperinflation period, one of the worst currency collapses in recorded history. The Reserve Bank of Zimbabwe, under Governor Gideon Gono (who served 2003–2013), issued increasingly large denominations as inflation spiraled out of control, reaching an estimated 89.7 sextillion percent month-on-month by mid-November 2008. The note is dated 'HARARE 2008' on the back. This particular denomination represents the third redenomination (the second dollar, ZWD): 1 new dollar = 10 billion old dollars. The currency was eventually abandoned in April 2009 when Zimbabwe adopted a multi-currency system using the US dollar, South African rand, and other foreign currencies. The serial prefix 'AA' indicates an early print run within this denomination. Despite the astronomical face value, these notes had virtually no purchasing power even when issued—by late 2008, this note might have bought a loaf of bread or a few eggs. Today these hyperinflation notes are widely collected as historical artifacts documenting economic collapse. Dr. Gideon Gono's signature appears on all notes from this era.