Zimbabwean Dollar (2019–present)
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Zimbabwean Dollar (2019–present)
The Zimbabwean dollar (sign: Z$; code: ZWL), also known as the Zimdollar or Real Time Gross Settlement (RTGS) dollar, is one of the official currencies of Zimbabwe. It was the only official currency in Zimbabwe from June 2019 to March 2020, after which foreign currencies were legalised again. History The RTGS dollar was introduced on 21 February 2019 as part of the February 2019 Monetary Policy that was enacted by the Governor of the Reserve Bank of Zimbabwe, John Mangudya. The currency was made up of bond coins, bond notes and RTGS balances. The original bond notes were introduced in 2016 to ease US Dollar cash shortages at the time. They were renamed RTGS dollars in 2019, and became the only legal currency in Zimbabwe on 24 June 2019, replacing the multi-currency system. On 29 October 2019, when inflation on the RTGS dollar had reached over 300%, the central bank announced a "new" currency to be introduced in mid-November 2019. The "new" currency initially traded alongside ...
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Zimbabwean Dollar
The Zimbabwean dollar (sign: $, or Z$ to distinguish it from other dollar-denominated currencies) was the name of four official currencies of Zimbabwe from 1980 to 12 April 2009. During this time, it was subject to periods of extreme inflation, followed by a period of hyperinflation. The Zimbabwean dollar was introduced in 1980 to directly replace the Rhodesian dollar (which had been introduced in 1970) at par (1:1), at a similar value to the US dollar. In the 20th century the dollar functioned as a normal currency, but in the early 21st century hyperinflation in Zimbabwe reduced the Zimbabwean dollar to one of the lowest valued currency units in the world. It was redenominated three times (in 2006, 2008 and 2009), with denominations up to a $100 trillion banknote issued. The final redenomination produced the "fourth dollar" (ZWL), which was worth 1025 ZWD (first dollars). Use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009. It ...
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The Zimbabwe Independent
''Zimbabwe Independent'' is a private weekly newspaper published from Harare, Zimbabwe Harare (; formerly Salisbury ) is the capital and most populous city of Zimbabwe. The city proper has an area of 940 km2 (371 mi2) and a population of 2.12 million in the 2012 census and an estimated 3.12 million in its metropolitan ..., by Alpha Media Holdings. The company also publishes '' The Standard'' and '' NewsDay''. See also * The Standard * NewsDay References External links * Mass media in Zimbabwe Newspapers published in Zimbabwe Mass media in Harare {{Zimbabwe-newspaper-stub ...
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Nehanda Charwe Nyakasikana
Nehanda Charwe Nyakasikana also known as Mbuya Nehanda ( 1840–1898) was a '' svikiro'', or spirit medium of the Zezuru Shona people. She was a medium of Nehanda, a female Shona mhondoro (a powerful and respected ancestral spirit). As one of the spiritual leaders of the Shona, she was one of the leaders of a revolt, the Chimurenga, against the British South Africa Company's colonisation of what is now Zimbabwe led by Cecil John Rhodes in 1889. She was a Hera of the HwataShava Mufakose Dynasty. She and her ally Sekuru Kaguvi were eventually captured and executed by the company on charges of murder. She has been commemorated by Zimbabweans by statues, songs, novels, and poems, and the names of streets and hospitals. The legacy of the medium continued to be linked to the theme of resistance, particularly the guerrilla war that began in 1972. Her name became of increasing importance to the nationalist movements in Zimbabwe. History of the spirit Nehanda The spirit Nehanda is sai ...
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Rhodesian Pound
The pound was the currency of Southern Rhodesia from 1964 to 1965 and Rhodesia from 1965 until 1970. It was subdivided into 20 ''shillings'', each of 12 ''pence''. History The Rhodesian pound was introduced following the break-up of the Federation of Rhodesia and Nyasaland, when Southern Rhodesia changed its name to simply Rhodesia. The Rhodesian pound replaced the Rhodesia and Nyasaland pound at par and the coins and banknotes of this earlier currency continued to circulate. Like its predecessor, the Rhodesian pound was initially pegged to sterling. When sterling was devalued from US$2.8 to US$2.4 in 1967, Rhodesia switched its peg to £1 Rhodesian = US$2.8. In 1970, the pound was replaced by the dollar, at a rate of £1 Rhodesian = $2 Rhodesian, so $1 Rhodesian was US$1.40. Coins In 1964, coins were introduced for 6d, 1/–, 2/– and 2/6. These coins also bore a denomination in cents (5c, 10c, 20c and 25c, respectively), although Rhodesia did not decimalis ...
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Aloe Excelsa
''Aloe excelsa'' (also known as the Zimbabwe Aloe) is an arborescent aloe indigenous to southern Africa. Description The Zimbabwe Aloe is a tall aloe, sometimes reaching tree dimensions of 5–6 metres, although 3 metres is a more common height. It is single-stemmed and all but the lowest part of the trunk is swathed in the remains of dead leaves. The leaves form a compact rosette at the top, spreading becoming recurved and up to 1 metre long. They are dark green in summer and succulent, up to 3 cm thick at the centre. Similar to some other aloe species, young plants have a great number of spines over their leaf surfaces. However, as they taller and less vulnerable to grazing, these brown-red teeth disappear and remain only on the leaf margins. This species is frequently confused with the related ''Aloe ferox'' and ''Aloe africana'' species, to the south, and they do look very similar when fully grown. However the flowers are different, with the racemes of ''Aloe excels ...
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Zimbabwe Bird
The stone-carved Zimbabwe Bird is the national emblem of Zimbabwe, appearing on the national flags and coats of arms of both Zimbabwe and Rhodesia, as well as on banknotes and coins (first on the Rhodesian pound and then on the Rhodesian dollar). It probably represents the bateleur eagle (''Terathopius ecaudatus'') or the African fish eagle (''Haliaeetus vocifer''). The bird's design is derived from a number of soapstone sculptures found in the ruins of the medieval city of Great Zimbabwe. It is now the definitive icon of independent Zimbabwe, with Matenga (2001) listing over 100 organisations which now incorporate the Bird in their logo. Origins The original carved birds are from the ruined city of Great Zimbabwe, which was built by ancestors of the Shona, starting in the 11th century and inhabited for over 300 years. The ruins, after which modern Zimbabwe was named, cover some and are the largest ancient stone construction in sub-Saharan Africa. Among its notable elements are ...
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Parliament House, Harare
Parliament House in Harare was an active legislative building for 112 years, acting as the base of Parliament of Rhodesia and the Parliament of Zimbabwe The Parliament of Zimbabwe is the bicameral legislature of Zimbabwe composed of the Senate and the National Assembly. The Senate is the upper house, and consists of 80 members, 60 of whom are elected by proportional representation from ten six-m .... History The building was constructed in 1895. The former hotel for white settlers was converted into a parliament in 1898 and expanded several times from 1937 onwards. The building only had a capacity of 100 legislators, and so was replaced by the New Zimbabwe Parliament Building opening in 2022. References {{coord missing, Zimbabwe Former seats of national legislatures Legislative buildings Government buildings in Zimbabwe Buildings and structures in Harare 19th-century architecture Government buildings completed in 1895 1895 establishments in Africa ...
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National Heroes Acre (Zimbabwe)
National Heroes Acre or simply Heroes Acre is a burial ground and national monument in Harare, Zimbabwe. The site is situated on a ridge seven kilometres from Harare, towards Norton. Its stated purpose is to commemorate Patriotic Front guerrillas killed during the Rhodesian Bush War, and contemporary Zimbabweans whose dedication or commitment to their country justify their interment at the shrine. Persons buried here are considered heroes by the incumbent Zimbabwe African National Union – Patriotic Front regime, which has administered the country since independence at 1980. Indeed, most of the recipients of the 'hero status' were known to be Zanu-PF sympathisers. The actual monument itself is modeled after two AK-47s lying back-to-back; the graves are meant to resemble their magazines. The monument is an early example of work of the North Korean firm Mansudae Overseas Projects. It closely mirrors the design of the Revolutionary Martyrs' Cemetery in Taesong-guyŏk, just outside ...
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Balancing Rocks
The Balancing Rocks are geomorphological features of igneous rocks found in many parts of Zimbabwe, and are particularly noteworthy in Matopos National Park, and near the township of Epworth, to the southeast of Harare. Notable rocks The Domboremari, also known as the Money Rock, is a formation of three boulders that form part of the Chiremba Balancing Rocks on the northwestern outskirts of Epworth (coordinates: ): this particular rock formation is notable because it appears in all Zimbabwean banknotes issued since 1981, and is also the prominent feature of the logo of the Reserve Bank of Zimbabwe The Reserve Bank of Zimbabwe is the central bank of Zimbabwe and is headquartered in the capital city Harare. History The bank traces its history to the Reserve Bank of Rhodesia, founded on 22 May 1964, but which succeeded the Bank of Rhodesia .... References {{Zimbabwe-struct-stub Harare Landforms of Zimbabwe Rock formations of Africa Geography of Harare Province ...
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Harare
Harare (; formerly Salisbury ) is the capital and most populous city of Zimbabwe. The city proper has an area of 940 km2 (371 mi2) and a population of 2.12 million in the 2012 census and an estimated 3.12 million in its metropolitan area in 2019. Situated in north-eastern Zimbabwe in the country's Mashonaland region, Harare is a metropolitan province, which also incorporates the municipalities of Chitungwiza and Epworth. The city sits on a plateau at an elevation of above sea level and its climate falls into the subtropical highland category. The city was founded in 1890 by the Pioneer Column, a small military force of the British South Africa Company, and named Fort Salisbury after the UK Prime Minister Lord Salisbury. Company administrators demarcated the city and ran it until Southern Rhodesia achieved responsible government in 1923. Salisbury was thereafter the seat of the Southern Rhodesian (later Rhodesian) government and, between 1953 and 1963, th ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Accounting
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement ...
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