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100 000 Dollars Emergency Bearer Cheque
| Issuer | Reserve Bank of Zimbabwe |
|---|---|
| Year | 2006 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | First Dollar (1980-2006) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | $100000 RESERVE BANK OF ZIMBABWE $100000 BEARER CHEQUE Pay the bearer on demand ONE HUNDRED THOUSAND DOLLARS on or before 31st December 2006 for the Reserve Bank of Zimbabwe Issued date: 1st June 2006 |
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| Protection type | Watermark |
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| Comments |
Zimbabwe's 2006 bearer cheques were a bureaucratic workaround — the Reserve Bank lacked the legal authority under existing statute to issue banknotes of this value, so the instruments were classified as cheques, which fell under different regulatory provisions. The distinction was largely fictional in practice; they circulated exactly as banknotes.
By the time P#32 entered circulation, annual inflation was already well above 1,000%. The 100,000-dollar denomination, which would have been extraordinary a year earlier, was obsolete within months of issue.