Zimbabwe to hold off on issuing new 50- and 200-zig (B203 and B205) notes

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. We have got ZiG1, ZiG2, ZiG5, ZiG10 and ZiG20 in circulation now,” said Mushayavanhu. Only the 10- and 20-zig denominations have been confirmed issued as notes; the lower denominations are presumed to be coins. No word on the fate of the 100-zig note.

Courtesy of Juergen G. Peschke.

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