Legal Tender in the UK
 

i was just wondering if anyone new anything or new how to get info on what is classed as legal tender? ive recently come across a 500,000,000 zimbabwe dollar note and according to what little info i have found it is actually IN circulation. My main question is, can you exchange them to GBP at a UK bank? because if so, this note is worth £954,900 according to XE currency converter. Anyone with any amount of info please let me know.

cheers.

just go into a bank and see what they say :D

but what if its fake or something? they might accuse me of trying to rip them off lol

With their rates of inflation it may have been worth a lot 5 minutes ago but it will be worth 5p now

:cry: so its worthless?

In January 2009, the Reserve Bank of Zimbabwe permitted the use of foreign currency in Zimbabwe in response to an economic decline that caused inflation levels of 5 billion percent. By April 2009, the Zimbabwe dollar was suspended indefinitely; the government now uses the South African Rand and the United States Dollar. For more information, read our XE News article "Money fits wallets in Zimbabwe again, reforms still needed" and BBC's "Zimbabwe dollar 'not back soon'" ."

Just check XE.com, although as I think someone else has pointed out, it's not in use anymore, it does look like being just under 1Mill, but are you sure of the nmber of zeros in that, as a £1mill note is very high.

It's probably an older note, in many countries when the rate of inflation goes crazy or the dollars value spirals out of control they just strip zeros off the note value and start again. I think in Mexico at some stage the peso moved from 1,000 pesos to 1 peso. I'd say they would have done something like that and then got rid of it all together. One thing is for sure, no struggling African nation is going to have a legal tender note that is worth 100 pounds lets alone 100,000

"Only last month, a Z$100 trillion note was introduced and the government moved to allow people to use foreign currencies alongside Zimbabwe's dollar.
The announcement will see Z$1 trillion reduced to Z$1."

Seems they have knocked 10 then 12 zeros off the notes and maybe done it more times than that. So the 500,000 one if it was still legal depending on it's age might be worth a couple cents :)

you just 'found' nearly a million quid...if it was worth anything someone would be looking for that. Unfoturnately it just has to be worthless.

bugger! I thought it would be too good to be true lol oh well i felt like a millionaire for a few seconds when those digits came back on XE currency converter lol thanks guys