Report That RBZ Is Introducing New Currency To Replace Bond Notes is False

There is a message which is circulating on social media urging people to bank all their cash because the Reserve Bank of Zimbabwe will be introducing a new currency to replace the Bond Notes. Please ignore the message as it is not true. We had initially ignored the message but after getting enquiries from many readers we have decided to help clarify. The message did not originate from the RBZ’s official channels and the purported link to the original article is non-existent.

The message is as follows:

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RBZ urges every Zimbabwean citizen to deposit their money before the 1st of November 2017. The Zimbabwean Central Bank has come up with new notes to be used other than bond note which has devaluated. Any deposits after the 1st of November will lead to your loss. The RBZ boss is on record of trying to promote the use of plastic money and mobile transfer platforms such as One Wallet, Telecash and Ecocash. Please pass this vital information to all your friends and relatives especially to those who are in remote areas. Let us go and deposit all our bond notes in the banks before they become valueless. It is wiser to use Bank Transfers or Mobile money transfers that is One Wallet, Ecocash and Telecash. Do not be caught off guard hoarding the bond notes until they become valueless.


Please pass on information to your loved ones and other groups

enda neBond note kubank before it becomes valueless and promote plastic money

Please disregard

Bond NotesEcoCashReserve Bank of Zimbabwe

Bond Notes are a currency of notes backed by a bond that the Zimbabwe government announced on 4 May 2016 by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya. The $2 denomination of the notes was finally introduced on 28 November 2016. More notes were... Read More About Bond Notes

EcoCash is a mobile money transfer facility which is run by Econet Wireless Zimbabwe. The facility has grown in leaps and bounds since its inception and is arguably the largest mobile money transfer agent considering the huge sums of transactions that the platform is said... Read More About EcoCash

The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe

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