Yep, not only do they have an expiration date but they are reprinted over old bills. I had (maybe I still have it?) a $100,000 bill that was printed on top of an old $50 bill.
My friends from Zim say that if you go out clubbing for a night you need a backpack full of cash. Buying a car or something, and you need a dumptruck (I'm not sure they really do electronic transfer of funds very well there).
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