RBZ Confirms New ZiG Notes To Enter Circulation From Tuesday

Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has said commercial banks will begin issuing new Zimbabwe Gold (ZiG) notes to the public from Tuesday, adding that the central bank has made enough currency available to meet demand.

Weekly cash withdrawal limits have been set at ZiG10,000 for individuals and ZiG100,000 for corporates.

In an interview with The Sunday Mail, Mushayavanhu said everything is now in place for the rollout of the new ZiG10, 20 and 50 banknotes.

“The Reserve Bank has printed and will distribute enough ZiG banknotes to cater for the demand for cash in the economy,” Mushayavanhu said.

“Notes will be available through banks, and to date, all banks have collected their share based on anticipated demand. In this context, economic agents will be able to access and withdraw from banks their ZiG cash requirements, consistent with the revised ZiG cash withdrawal limits per week of ZiG10 000 for individuals and ZiG100 000 for corporates. The current circulation will focus on ZiG10 and 20, and the new issuance of ZiG50 denomination, with effect from April 7, 2026.”

He said the old notes will remain in circulation until they are gradually phased out.

“The old ZiG banknotes will automatically be phased out of circulation once they are deposited into the banking system.

“This means that there will be simultaneous circulation and there will be no exchange posts, and the new notes will be obtained normally in the course of commercial and banking transactions,” said Mushayavanhu.

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