BREAKING: New currency in two weeks

29 Oct, 2019 - 16:10 0 Views
BREAKING: New currency in two weeks Dr Mangudya

The Herald

Martin Kadzere
THE Reserve Bank of Zimbabwe will in the next two weeks introduce new notes and coins to be interchangeably used at par with bond coins and notes, in a move expected to ease the cash crunch, central bank governor Dr John Mangudya has said.

The injection of new cash into the economy-which will see an upward review of daily cash withdrawals will also help to curb high premiums on cash. Briefing the media after the inaugural meeting of the Monetary Policy Committee (MPC) today, Dr Mangudya said the central bank would introduce new $2 coins and $5 notes that will be used alongside the bond notes and coins.

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