The Reserve Bank of Zimbabwe (RBZ) is set to introduce a new ZWL$100 banknote following the gazetting of Statutory Instrument 68A of 2022 by the Minister of Finance and Economic Development.
According to the statutory instrument, the $100 shall be issued in terms of section 40(3) of the Reserve Bank of Zimbabwe Act [Chapter 22:15]. The design of the one hundred dollar banknote shall be as follows:
(a) on the front side, the dominant feature shall be the logo of the Reserve Bank of Zimbabwe (three balancing rocks), with the visually impaired recognition feature to the left, a latent image showing the denomination, windowed security strip inscribed “RBZ” with a colour shift from red to green, watermark with the highlighted inscription “RBZ” and see-through of Zimbabwe Bird looking to the left in perfect register, as secondary features; and
(b) on the back side, there shall be an impression of the Great Zimbabwe Monument and the Baobab Tree, a gold-coloured iridescent band showing the denomination of the note and see-through of the Zimbabwe Bird looking to the right.
The development follows the gradual depreciation of the local currency, with the exchange rate now US$1: $ZWL145 on the RBZ forex auction, and about US$1: ZWL$250 on the parallel market.
Currently, $10, $20, and $50 Zimbabwe dollar banknotes are being accepted by the public as a medium of exchange after $2 and $5 banknotes were “decommissioned” due to rising inflation.
40 tons of Bank Notes were imported into the country by cargo plane on Sunday 6th March from Kenya, where they were printed.
The 10,000 isn’t far off now! Still, if enough of you are stupid enough to let them carry on, and other stupids are simply hell-bent on just keeping their merc ‘n perks intact, guess what happens? It’ll be interesting to see how you lot will get yourselves out of this one! Don’t expect the rest of the world to help you out either. They must be more than fed up with all of it now!