Although of a different design and with the intention for use only by farmers, it had found its way into regular use because of the parallel functions with bearer Cheques and the exponential rise of food prices.
22.
On 1 August 2006, new Bearer cheques with thirteen denominations ranging from 1?to $ 100, 000 were issued following the first redenomination of the dollar, superseding the regular banknotes by 21 August 2006 and until August 2008.
23.
As inflation intensified, the $ 200 000 bearer cheque was also introduced on 1 August 2007, followed by the joint introduction of the $ 250 000, $ 500 000, and $ 750 000 denominations on 20 December 2007.
24.
Bearer cheques of 5, 000 dollars ( dated 1 February 2007 ) and 50, 000 ( dated 1 March 2007 ) were issued in March 2007, followed by cheques of 200, 000 ( dated 1 August 2007 ) in August 2007.
25.
Subsequently, Gideon Gono of the RBZ announced on 19 December 2007 that new bearer cheques ( Z $ 250, 000; Z $ 500, 000; and Z $ 750, 000 ) had been produced and would be released on 20 December.
26.
The redenomination ( codenamed Operation Sunrise ) was heavily publicised under the banner " Zero to Hero ", but was also rapid and disorganised which resulted in many people being unable to convert their old Bearer cheques to new issues before the lapse date,
27.
The circulation of the "'2008 bearer cheque series "'commenced on 18 January 2008 with three denominations ranging from $ 1 million to $ 10 million, and concluded with the issue of the $ 500 million bearer cheque on 15 May 2008.
28.
The circulation of the "'2008 bearer cheque series "'commenced on 18 January 2008 with three denominations ranging from $ 1 million to $ 10 million, and concluded with the issue of the $ 500 million bearer cheque on 15 May 2008.
29.
The "'2007 bearer cheque series "'was first issued on 2 March 2007 with the introduction of $ 5 000 and $ 50 000 cheques to act as intermediary denominations between the $ 1 000, $ 10 000 and $ 100 000 cheques respectively.
30.
The " Banco Commercial de Braga ", " Banco Commercial do Porto ", " Banco de Guimaraes " and " Banco Industrial do Porto " also issued notes, with bearer cheques issued by a number of other banks between 1833 and 1887.
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