Zimbabwe new 20-zig note (B202a) confirmed

Pursuant to Satutory Instrument 60 of 2024, on 5 April 2024, the Reserve Bank of Zimbabwe unveiled a new family of coins and banknotes denominated in Zimbabwe gold (expressed as ZiG on the notes), which replaces the preceding dollar notes at a rate of 1:2,498.7242. The RBZ asserts that Zimbabwe gold is a “structured currency” pegged to and fully backed by a composite basket of foreign currencies and precious metals (mainly gold).  

The 10-zig note was the first denomination to enter circulation in early May, followed on 13 May by the 20-zig note, as evidenced by the photo below.

Courtesy of Juergen G. Peschke and Claudio Marana.

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