Treasury To Introduce Larger Denominations Of Banknotes, More Cash
The Ministry of Finance and Economic Development says it plans to introduce bigger denominations of banknotes into the market in the near future.
This was revealed by the permanent secretary in the Finance Ministry George Guvamatanga on Friday. He said:
Larger denominations are on the way. We want to manage the money supply. We are aware the money isn’t adequate and this will be addressed.
FeedbackEarlier this month, the Reserve Bank of Zimbabwe (RBZ) released new $5 notes and $2 notes and coins to address the biting cash crunch.
However, market watchers have queried the wisdom of introducing small denominations as the country is battling 3-digit inflation.
HOT DEALS:
itel A70 - (128GB, 3GB RAM) $89,
itel A70 - (256GB, 4GB RAM) $99
itel P40 (128GB, 4GB), (6000mAh) $99
itel P40 (64GB, 4G), (6000mAh) $93
Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika.WhatsApp: 0783 450 793
More: ZTN
Tags
0 Comments
Leave a Comment
Generate a Whatsapp MessageBuy Phones on Credit.
More Deals