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RBZ to introduce new currency in two weeks

Central bank Governor, Dr. John Mangudya has highlighted that in two weeks, the Reserve Bank of Zimbabwe (RBZ), will introduce new notes to be used at par with bond notes and coins. This development is meant to calm the cash crises that is currently tormenting the ordinary citizens of Zimbabwe.

Premiums that are being charged on cash are eroding the value of money and it has plunged many citizens into immense financial difficulties. According to Dr. Mangudya, this problem will be curbed by introducing new cash into the economy and reviewing daily cash withdrawals.

The central bank is to introduce Two Dollar and Five Dollar notes that will work together with the current bond notes.

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