Is Zimbabwe currency worth anything?

To this day, Zimbabwe still has no currency of its own, although the government last year offered to swap old deposit accounts into US dollars, giving savers $5 for each 175 quadrillion (175,000,000,000,000,000) Zimbabwean dollars. In an extraordinary irony, Zimbabwe now suffers among the world’s worst deflation, currently at -2.3%.

What is the current currency of Zimbabwe?

The official currency of Zimbabwe is the Zimbabwe dollar (ZWL) although it is not an internationally recognised currency. This currency is in the form of *Bond Notes and **RTGS (real time gross settlement). However, the economy of the country is pegged in US Dollars, so essentially the US Dollar is the dominant currency.

Are Zim notes worth anything?

Zimbabwe's central bank allowed its citizens to exchange the country's almost worthless currency for US dollars. Its 100-trillion-dollar note is worth just 40 U.S. cents. Want More Horsepower for Your Car?

How much is a dollar worth in Zimbabwe?

At the time of its introduction, the Zimbabwean dollar was worth more than the US dollar in the official exchange market, with 1 ZWD = US$1.47, although this did not reflect the actual purchasing power it held.