Zimbabwe Exchange Rate

As of late 2008 the Zimbabwe exchange rate ceased to be of any major importance as the government dropped the use of the Zimbabwe dollar in favor of a multi-currency system.

The only exchange rates of interest in the  Zimbabwe economy today are cross rates of currencies used in Zimbabwe for instance South African Rand and Botswana Pula or American Dollar. The Zimbabwe dollar has since ceased to operate as the Zimbabwe currency effectively making Zimbabwe a country without its own currency.


However before the introduction of  foreign currency transactions in 2008, the Zimbabwe exchange rate to major currencies was determined by the parallel market system in dark allies. The Zimbabwe dollar fell to exchange rate levels of 1 US$ to Z$100 trillion. This meant that at one point a loaf of bread in Zimbabwe cost as much as Z$100 trillion. This is the time people had amounts in bank accounts of zillions of dollars.

Yet in 1995 or there about 1 Z$ was equivalent to about US$10. In 1980 the Zimbabwe dollar was at par with the British Pound.

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