The Reserve Bank of Zimbabwe (RBZ) is set to introduce new high-quality Zimbabwe Gold (ZiG) bank notes, which are expected to improve the availability and durability of cash in circulation. The new bank notes will be of superior quality compared to those currently in circulation and will feature an enhanced design that meets international standards. According to Central Bank Governor John Mushayavanhu, the rollout of the improved high-quality ZiG notes will be communicated in due course.
The introduction of the new ZiG bank notes is part of the RBZ’s efforts to promote financial inclusion across Zimbabwe. To ensure the new notes are accessible even in remote areas, the RBZ is planning an extensive educational campaign. The initiative will involve working with key stakeholders in the communities to ensure optimal distribution of the new notes.
The ZiG was introduced in April last year as a potential stabiliser amid Zimbabwe’s ongoing currency and economic crisis. Although its value was reduced by over 40 percent in late September, the RBZ remains committed to establishing a stable currency. The introduction of the new ZiG bank notes is a step towards achieving this goal.
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