Eddie Cross: ‘Real’ Zimbabwe Dollar To Be Released In November

The Reserve Bank of Zimbabwe (RBZ) will issue “real” Zimbabwe dollar notes in November this year to replace the surrogate currency, the bond notes that have been in circulation since 2016.

This was revealed by Eddie Cross, an economic analyst who was appointed to the recently constituted central bank’s Monetary Policy Committee. Cross told the Zimbabwe Broadcasting Corporation (ZBC):

… [the new notes] should do away with the queues at the banks and people then should have adequate money for daily use.

Zimbabwe abandoned its currency in 2019 at the height of hyperinflation. The Zimbabwe dollar was re-introduced earlier this year and was followed with a ban on the use of multi-currencies.

More: BNN Bloomberg


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