The Zimbabwean dollar was the official currency of Zimbabwe from 1980 to 2009. It replaced the Rhodesian dollar and was subdivided into 100 cents. The first banknotes were issued in 1981, with coins following in 1990. The dollar was pegged at par with the United States dollar until February 24, 2006. Inflation caused by government printing of money led to a fall in value of the Zimbabwean dollar, so that by late 2008 it had lost over 98% of its value against other major currencies; this process is known as hyperinflation."On January 1st 2009, it officially stopped being used as legal tender and became obsolete after almost 30 years since its inception back in 1980 when it replaced Rhodesian Dollar due to high inflation rates which made continuation impossible." Aftermath: "What happened next? People started using foreign currencies like US dollars or South African Rands instead.
