Production Of Redesigned ZiG Notes At An Advanced Stage – Mushayavanhu

Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu says the rollout of redesigned ZiG banknotes is now at an advanced stage.

The new series will come with stronger security features to fight counterfeiting, while upgraded paper quality is expected to make the notes tougher and longer-lasting.

For months, the public has complained that the current notes wear out too quickly—fading, tearing and becoming difficult to use, especially in high-volume transactions.

Currently, only ZiG10 and ZiG20 notes are in circulation, but the redesigned versions will span the full range of denominations announced at the launch of ZiG in April 2024.

Mushayavanhu told The Herald that the public will be informed of the official rollout date “at the appropriate time.” He said:

“The Reserve Bank is working on the modernisation of the ZiG banknote series as advised in the recent mid-term Monetary Policy Statement.

“The new ZiG banknotes will be re-designed including improved quality and durability for the convenience of the transacting public.

“In this regard, the production process of the improved banknotes has progressed well and is at an advanced stage.

“The public will be advised of the expected roll-out at the appropriate time.”

In a recent interview, Mushayavanhu stressed that the redesigned notes should not be mistaken for the introduction of a new currency. He said:

“I must reiterate that the Reserve Bank is not going to issue a new currency, and in this regard, the public should not be apprehensive.

“Instead, the Reserve Bank is merely redesigning the current banknotes to enhance quality in line with international standards.”

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