ZIMBABWEAN DOLLAR Meaning and
Definition
-
The Zimbabwean Dollar refers to the official currency of Zimbabwe, a landlocked country located in southern Africa. It served as the country's currency from 1980 until its abandonment in 2009 due to hyperinflation. The Zimbabwean Dollar was reintroduced in 2019, after a decade of relying on a multi-currency system.
During its initial period of circulation, the Zimbabwean Dollar was denoted by the symbol "$" or the abbreviation "Z$" to distinguish it from other dollar currencies. It was divided into 100 cents, but due to the devaluation caused by rampant hyperinflation, the lower denominations became practically valueless.
The Zimbabwean Dollar experienced a multitude of economic challenges, leading to its eventual demise as the official currency of Zimbabwe. Hyperinflation, largely caused by corrupt governance and mismanagement of the economy, rendered the Zimbabwean Dollar virtually worthless. This resulted in a severe socio-economic crisis in the country, marked by shortages of basic goods and an erosion of public confidence in the monetary system.
The reintroduction of the Zimbabwean Dollar in 2019 aimed to curb the reliance on foreign currencies and regain monetary control. However, the Zimbabwean Dollar continues to face obstacles such as persistent inflation and limited public trust. Today, it is represented in both physical notes and digital currency, striving to stabilize the nation's currency and economic stability.
Common Misspellings for ZIMBABWEAN DOLLAR
- ximbabwean dollar
- simbabwean dollar
- aimbabwean dollar
- zumbabwean dollar
- zjmbabwean dollar
- zkmbabwean dollar
- zombabwean dollar
- z9mbabwean dollar
- z8mbabwean dollar
- zinbabwean dollar
- zikbabwean dollar
- zijbabwean dollar
- zimvabwean dollar
- zimnabwean dollar
- zimhabwean dollar
- zimgabwean dollar
- zimbzbwean dollar
- zimbsbwean dollar
- zimbwbwean dollar
Etymology of ZIMBABWEAN DOLLAR
The etymology of the word "Zimbabwean Dollar" can be traced back to the country of Zimbabwe in southern Africa, where it served as the official currency. The term "dollar" has its origins in the Czech language, where it was referred to as "tolars". This word was later adopted by the countries of East Africa, including Zimbabwe, as the standard term for their currency. However, it is important to note that the Zimbabwean Dollar has had a complex history, with periods of hyperinflation and currency devaluation leading to its eventual abandonment in 2009.
Infographic
Add the infographic to your website:
