New $50 note

  • Business Briefs

    RBZ introduces new $50 note

    By Mutsa Makuvaza THE Reserve Bank of Zimbabwe (RBZ) has introduced a new ZW$50 bill which it says comes into effect from 7 July 2021. RBZ Governor, John Mangudya made the announcement in a statement today. “The Reserve Bank of Zimbabwe wishes to advise the public that the ZW$50 banknote issued on 6 July 2021 through Statutory Instrument 196 of…

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  • Business Briefs

    Zimbabwe’s $50 note out shortly

    ZIMBABWE treasury authorities announced on Thursday that the Reserve Bank of Zimbabwe (RBZ) would shortly introduce a $50 note, while raising cash withdrawal limits to Z$2,000 per day from Z$1,000. The central bank also lifted its main lending rate to 40 percent from 35 percent previously in a bid to reduce liquidity and control speculation in its foreign currency market.…

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