The Governor of the Reserve Bank has announced a redenomination of the Zimbabwean currency; which is effective as from 2 February 2009. Twelve (12) zero’s have been slashed from the currency.
As of 2 February 2009, all securities and cash statements dispatched by Stanbic will reflect values redenominated by 12 zeros.
In effect: ZWD10, 000,000,000,000, 000 (ZWD10trillion) will be reflected as ZWD1 while ZWD10, 000, 000, 000(ZWD10billion) will be reflected as ZWD0.10.
L.D.