RBZ set to introduce $10 and $20 notes

By Staff Reporter

ZIMBABWE is set to introduce new $10 and $20 notes with signs authorities were not keen on dumping the country’s worthless currency.

This was announced Friday by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya who said the new notes shall start circulating Tuesday.

“The RBZ wishes to advise the public that the $10 and $20 banknotes issued on 14 May 2020, will come into circulation as follows; the $10 banknote will commence circulating on Tuesday 19 May 2020 and the $20 banknote will be in circulation by the first week of June 2020,” Mangudya said.

Currently, the highest local currency denomination is $5.

Mangudya also announced the weekly cash withdrawal limits shall increase from $300 to $1 000.

Staff Reporter

The author Staff Reporter