In order to increase physical money supply, curb cash shortages and improve transacting convenience, the Reserve Bank of Zimbabwe (RBZ) will soon introduce a new set of higher denominattion banknotes
New $50, $100 and $200 banknotes will be issued this year.
Although plans of introducing the other notes are still being made, The $50 note will be introduced first.
The new $50 dollar design is waiting for the President’s approval.
These notes have become impractical and due to inflation, huge stacks of cash are now required to make a payment.
It is expected that the introduction of the new notes will enhance comfort to the transacting public and eliminate the illegal cash market.
