By the time this bearer cheque was issued, Zimbabwe's hyperinflation had already made conventional banknote production functionally obsolete — the Reserve Bank resorted to cheque-format instruments partly because Fidelity Printers lacked the capacity and materials to keep pace with denominations that were doubling in value within weeks. Bearer cheques circulated as cash but carried fixed expiry dates, a tacit admission that the currency's purchasing power would collapse before the paper wore out.
The 200,000 dollar denomination was obsolete almost immediately after printing. Within months, redenomination stripped ten zeros from the currency, rendering the entire series worthless.
By the time this bearer cheque was issued, Zimbabwe's hyperinflation had already made conventional banknote production functionally obsolete — the Reserve Bank resorted to cheque-format instruments partly because Fidelity Printers lacked the capacity and materials to keep pace with denominations that were doubling in value within weeks. Bearer cheques circulated as cash but carried fixed expiry dates, a tacit admission that the currency's purchasing power would collapse before the paper wore out.
The 200,000 dollar denomination was obsolete almost immediately after printing. Within months, redenomination stripped ten zeros from the currency, rendering the entire series worthless.