Zimbabwe: RBZ to Inject $1 Billion New Coins, Notes

1 November 2019

Cash in circulation will slightly more than double over the next six months, as the Reserve Bank of Zimbabwe (RBZ) injects an extra $1 billion to satisfy legitimate demand for coins and small notes, but still make it impractical to use cash for larger transactions.

RBZ Governor Dr John Mangudya said yesterday that the $2 bond coins and $2 and $5 notes being eased into circulation will, when added to $855 million bond notes and coins already in use, bring issued cash to just under 10 percent of total deposits in both local and foreign currency.

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