Business Briefs

RBZ is introducing only the Z$50 banknote

THE Reserve Bank of Zimbabwe (RBZ) has dismissed reports which suggest the central bank was planning on introducing $100 and $200 banknotes.

RBZ issued a statement saying “for the time being, ” the bank had no plans to introduce the said notes.

Messages circulating on social media had suggested that the bank was working on introducing the notes in sync with the inflation in the country.

Said the bank:

The Reserve Bank of Zimbabwe (RBZ) is working on the introduction of a Z$50 banknote into the market for the convinience of the public.

For the time being, the Bank has no plans of introducing Z$100 and Z$200 banknotes as suggested in some sections of the media.

Currently, the biggest available denomination is the Z$20 bill.

Follow @ZimbabweVoice on Twitter, or like our Facebook page by clicking here for the latest breaking news in Zimbabwe. To join one of our clean WhatsApp news group, click here. If you find the group full, let us know by clicking here.

Show More

Related Articles

Back to top button

Adblock Detected

Zimbabwe Voice notices you have turned on ad blocker. Kindly turn it off to access our content, as we rely on ads revenue to keep operating.