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Since the functions were similar to Bearer cheques, it was in regular use as prices continue to rise.
It is further reported that the new agro-cheques can be used to buy any goods and services like the bearer cheques.
The $200 000 bearer cheque had its date of lapse extended twice up to 31 December 2008.
Poor communications meant that many civilians of Zimbabwe were unable to convert old bearer cheques to new ones before the deadline.
At the date of first issue the $250 million bearer cheque was worth approximately US$1.30 on the parallel market.
Following the 2008 currency reform, Agro and bearer cheques were phased out on 1 January 2009.
Zimbabwe inflation hits new high (Depicts the front of the $200,000 Bearer Cheque)
On 15 May 2008, a new $500 million bearer cheque was issued by the RBZ.
Bearer cheques dated 15 September 2003 bear the signature of the acting governor Charles Chikaura.
The 2006 bearer cheque series was put into circulation on 1 August 2006 and initially consisted of 14 denominations, ranging from 1 to $100 000.
On 4 April 2008 the Reserve Bank of Zimbabwe introduced new $25 million and $50 million bearer cheques.
In 1914, bearer cheques were introduced for , 1, 5 and 10 libras (5, 10, 50 and 100 soles).
On 6 May 2008, the RBZ issued new $100 million and $250 million bearer cheques.
Following the redenomination of August 2006, bearer cheques that were originally scheduled to expire on 31 December 2006 were demonetised early.
On 15 September 2003, the RBZ and Standard Chartered issued special Bearer cheques with denominations ranging from $5 000 to $20 000.
Before that Murerwa wanted to introduce $250,000 bearer cheque during the absence of Gono which would have fuelled the inflation rate further only to be stopped by Mugabe.
Between 1974 and 1976, the Banco Nacional de São Tomé e Príncipe issued bearer cheques for circulation in denominations of 100, 500 and 1000 escudos.
The 2003 bearer cheque series was a series of emergency currency notes of the first dollar which were in circulation between 15 September 2003 and the withdrawal of the first dollar on 21 August 2006.
New-style bearer cheques of the second dollar (ISO 4217:ZWN) was introduced and replaced those of the first dollar (ZWD) at the ratio of 1 000 to 1.
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.
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.
The Standard Chartered series was a series of emergency bearer cheques issued by the Standard Chartered Bank (hence the title on the top of these cheques) and the Cargill Cotton Group.
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.
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.
The $100 000 000 Bearer Cheque would have been the lowest legal tender denomination in circulation had the expiry dates of currency cheques been enforced without extension, with the $100 billion Agro Cheque being the highest whether or not the $200 000 note was legal tender.
Technically bearer checks, they were printed in the form of banknotes and were generally accepted as substitute legal currency.