The central bank, the Reserve Bank of Zimbabwe (RBZ) has announced that specimens for the new $5 and $2 notes which are to be introduced this month will be circulated starting this Monday.
In an interview with the Sunday News on Friday, RBZ governor, Dr John Panonetsa Mangudya said that the specimens will be circulated after the gazetting of the Statutory Instrument (SI) 231 of 2019 by Government which will give the green light to the introduction of the new notes and coins. He said:
We will start having them (specimens) on Monday.
SI 231 which details the designs of the news notes has since been issued by the Government paving way for the introduction of the new notes and coins.
Whilst authorities project that the new notes will address the cash crisis which has grounded the country for years now, some analysts are pessimistic saying that the abundance of cash on the market will likely exacerbate inflation in the country.
More: Sunday News