R6044/2 Money; Currency; Banknote

large bundle of paper money

Banknotes (Museum Accession Number R6044/2)

This bundle of paper money from Zimbabwe, in Z$500 notes, is a relic from 2007, when Zimbabwe experienced monetary instability, subjecting the currency to hyperinflation. It was the first case of hyperinflation in the 21st Century. This money belonged to Charles Makhuya, a guerrilla / freedom fighter with the Zimbabwe People’s Revolutionary Army (ZIPRA) in 1970s. It amounted to one month of a war veteran pension, but due to this hyperinflation, it was worth less than a loaf of bread. Collected as part of the Fashioning Africa project.

Creator: Reserve Bank of Zimababwe

Place: Zimbabwe, Southern Africa, Africa

Date: 2007