HomeBusiness

Zimbabwe's Central Bank Issues $50 Banknote

2 years agoTue, 06 Jul 2021 11:41:43 GMT
Share on FacebookShare on TwitterShare on LinkedIn
Zimbabwe's Central Bank Issues $50 Banknote

The Reserve Bank of Zimbabwe issued a $50 dollar banknote on Tuesday in addition to the $2, $5, $10, and $20 banknotes that are already in circulation.

In a statement, RBZ governor John Mangudya said the higher denomination has been issued through Statutory Instrument 196 of 2021.

Mangudya added that the $50 banknote will come into circulation tomorrow, 7 July, with $360 million to be issued through the normal banking channels. He said:

The Reserve Bank of Zimbabwe (the Bank) wishes to advise the public that the ZW$50 banknote issued on 6 July 2021 through Statutory Instrument 196 of 2021 will be introduced into circulation on 7 July 2021.

The Bank shall release ZW$360 million through the normal banking channels and banks are expected to fund their respective accounts held at the Reserve Bank and collect the cash from 7 July 2021.

Latest Tecno Pop 8 - now available in Pindula.

$94, Cash on Delivery in Harare & Bulawayo.

WhatsApp: 0783 450 793

In January this year then RBZ Monetary Policy Committee member, Eddie Cross, said the central bank would “soon” introduce a new set of higher denomination banknotes to increase the physical money supply and end cash shortages

Cross said that new $50, $100 and $200 banknotes will be introduced this year.

Tags

0 Comments

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback