Story by ZBC staff reporter
AUTOMATED Teller Machines (ATM) in Harare have started dispensing the upgraded Zimbabwe Gold (ZiG) notes, following their official rollout this Tuesday.
Customers at various banks, including a Borrowdale branch, have begun accessing the new ZiG10 and ZiG20 denominations, marking the first phase of the currency’s circulation through ATM platforms.
The newly introduced notes are characterised by enhanced security features, improved durability and a refined design aligned with international standards. While the upgraded notes are entering circulation, the older ZiG notes will continue to be used until they are gradually phased out.
In a statement, the Reserve Bank of Zimbabwe (RBZ) confirmed that higher denominations, including ZiG100 and ZiG200 notes, will be introduced progressively.
“The higher ZiG100 and ZiG200 denominations will gradually be introduced in due course, guided by transactional demand, and monetary and financial conditions in the domestic economy. The ZiG coins, introduced on 5 April 2024, and have been re‑issued in sufficient quantities, which include the ZiG1, ZiG2, ZiG5 denominations, will remain in circulation to support small‑value transactions and reduce pressure on low‑denomination notes.”
