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The Reserve Bank of Zimbabwe prepared the first series of banknotes for the newly-independent country in 1980, and released them into circulation in stages, from 15 April 1981 to 14 April 1982. [28] The 1980 series consisted of four denominations : $2, $5, $10 and $20 – and made extensive use of the Guilloché technique, a security feature ...
Zimbabwean bond notes were a form of banknote in circulation in Zimbabwe. Released by the Reserve Bank of Zimbabwe, the notes were stated to not be a currency in itself but rather legal tender near money pegged equally against the U.S. dollar. In 2014, prior to the release of bond notes, a series of bond coins entered circulation. [1]
According to a NewsDay article dated 31 May 2024, Governor John Mushayavanhu said that the Reserve Bank of Zimbabwe will not introduce 50- or 200-zig notes anytime soon as it fears that the bigger notes will fuel inflation. The notes have been printed and delivered. "We have introduced most of the cash denominations that we said we were going to.
Zimbabwe will introduce higher denomination bank notes to increase the amount of cash in circulation, the finance minister said in a government notice on Thursday, at a time inflation is soaring ...
The Reserve Bank of Zimbabwe announced plans for new Z$5,000 and Z$10,000 coins in June 2005, [65] although these were never actually struck. In its 2014 mid-term monetary policy statement, the Reserve Bank of Zimbabwe (RBZ) said it would import special coins, known as Zimbabwean bond coins, to ease a shortage of change in the economy. Like the ...
In November 2016 backed by a US$200 million Afreximbank loan the Reserve Bank of Zimbabwe began issuing $2 bond notes. [4] Two months later US$15 million worth of new $5 bond notes were also released. [5] Further plans for $10 and $20 bond notes were ruled out by the central bank's governor, John Mangudya. [6]
The Reserve Bank also wanted to end the system of different exchange rates, which resulted in customers paying more or less depending on the payment method. [23] On 20 February 2019, Reserve Bank governor John Mangudya announced the introduction of a new Zimbabwean dollar, initially called the Real Time Gross Settlement dollar (RTGS dollar). [24]
Headquarters of the Reserve Bank in Harare. The Reserve Bank's most important role is to create and enact monetary policies. According to the bank's website, as the only producer of Zimbabwe's bank notes and coins, it regulates the amount of money in circulation.
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