New bank notes for Zim

The Central Bank is set to introduce higher denomination notes amid the need to easy cash flow shortages.

The high value notes will be $50, $100 and $200 denominations. Currently the public domain is having $5, $10 and $20 in circulation.

Meanwhile the new notes are waiting approval from the national executive.

The introduction of new notes is also expected to ease queues in banks and flows of money in the financial sector.

Tendai Guvamombe
the authorTendai Guvamombe