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On 18 April 1980, the Republic of Zimbabwe was born from the former British colony of Southern Rhodesia.

The Rhodesian Dollar was replaced by the Zimbabwean dollar at par value.

During the height of inflation from 2008 to 2009, it was difficult to measure Zimbabwe's hyperinflation because the government of Zimbabwe stopped filing official inflation statistics.

However, Zimbabwe's peak month of inflation is estimated at 79.6 billion percent in mid-November 2008.

When Zimbabwe gained independence, the newly introduced Zimbabwean dollar was initially more valuable than the US dollar at the official exchange rates,this did not reflect reality as in terms of purchasing power on the open and black markets it was less valuable, due primarily to the higher inflation in Zimbabwe.