Zimbabwe Dollar and Zimbabwean Dollar

Australian dollar: The demonetization process of the Zimbabwe dollar started on Monday and will run till September 30, according to Russia Today. People with accounts of up to 175 quadrillion Zimbabwean dollars will be paid $5. Today, 35 quadrillion Zimbabwean dollars are equal to US $1, as a result of hyperinflation which hit the country in 2009. Those who preserved bills at home will receive a rate of 250 trillion to $1 for their 2008-issued notes and 250 to $1 for their 2009-issued notes. A multi-currency system has been in operation for the last six years, with the South African rand and US dollar in use since 2009 and the Chinese yuan, Australian dollar, Japanese yen and the Indian rupee joining the list of accepted currencies in 2014. Zimbabwe has been using the US dollar since 2009 when the use of the Zimbabwean dollar was abandoned. (news.financializer.com). As reported in the news.