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Joy as new ZiG notes and coins hit the streets
Apr 30, 2024
MARKET players have expressed readiness to embrace the new Zimbabwe Gold (ZiG) notes and coins, which are expected to hit the streets today to bring about the long-desired transacting convenience and enhance smooth business operations.
The Central Bank has set weekly cash withdrawal limits at ZiG3 000 for individuals and ZiG30 000 for corporates to manage the initial rollout.
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu has said everything is in place for the seamless distribution of the new currency while banks have already been advised on the maximum limits for withdrawal by individuals, corporates, schools and the Government.
According to the RBZ, the distribution of new notes and coins to commercial banking institutions was done yesterday and today, members of the public should be able to start withdrawing cash from their accounts today.
As the crisp new notes in denominations of ZiG10 to ZiG200 notes and shiny coins make their way into circulation, there is a sense of excitement in the air as different market players expect this to bring about positive business impact and enhance economic stability.
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Bulawayo Urban Public Transport Association chairperson, Mr Morgan Msipa said their members were ready to embrace ZiG notes and coins to minimise the challenge of finding change.
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