Mangudya said the banks responsible for channelling the notes onto the streets will be severely dealt with once they are known. He said:
We have launched an investigation and banks that will be found guilty will be heavily penalised.
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Our task has been made easier because some notes we are seeing on social media have serial numbers.
The RBZ issued new $2 and $5 banknotes and $2 bond coins on Tuesday, with $30 million dollars allocated to various banks.
However, a few hours after the notes were introduced, banks had run out of cash while the streets were awash with the notes.