New ZiG Notes Worth ZiG669 Million Now In Circulation – Mushayavanhu:

Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu says the central bank has released new local currency banknotes worth ZiG669 million into the market — roughly 3 per cent of total deposits held in the domestic currency.

Mushayavanhu said the RBZ has also seen a notable rise in demand for the ZiG, both in electronic and cash form, after an intensive nationwide awareness campaign.

“Following the successful nationwide ZiG awareness and educational campaign, the public expressed great enthusiasm to accept and use ZiG banknotes,” said Mushayavanhu.

“The Reserve Bank accordingly availed the requisite ZiG banknotes in sufficient quantities to meet demand, consistent with the stipulated cash withdrawal limits.

“The Reserve Bank has also witnessed a significant improvement in demand for the ZiG in both electronic and cash forms, including from entities that were previously reluctant to accept ZiG banknotes in their business operations.

“Reflecting this development, the Reserve Bank has to date availed ZiG banknotes equivalent to about 3 per cent of total banking sector ZiG deposits, which stood at ZiG22.3 billion as at the end of April 2026.”

Mushayavanhu said the RBZ has made sure there are enough notes in circulation, in line with the current withdrawal limits. Individuals can withdraw up to ZiG10,000 per week, while companies can withdraw up to ZiG100,000.

He added that the ZiG has seen widespread acceptance and use, both electronically and in cash, across all 10 of the country’s provinces.

More: The Sunday Mail

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