Story by Bruce Chahwanda, Political Editor
THE Reserve Bank of Zimbabwe has introduced redesigned ZiG notes, which will start circulating on April 7.
Presenting the 2026 Monetary Policy Statement in Harare this Friday, RBZ Governor, Dr John Mushayavanhu, said among the notes are 50 ZiG, 100 ZiG and 200ZiG denominations.
Dr Mushayavanhu also maintained exporter retention at 70 percent, while small-scale miners are now required to retain 90 percent.
The 2030 deadline for the adoption of a mono-currency has been scrapped as it will be determined by the market.
The RBZ Chief also spoke about plans to introduce a mono-currency regime, saying it will depend on the level of macro-economic stability.
The monetary policy statement also introduced new withdrawal limits for ZIG from their thousand to 10 thousand ZiG for individuals, while corporates will now withdraw up to 100 thousand ZiG.
In the spirit of addressing the ease of doing business, the Central Bank reduced charges on cash withdrawals and deposits, while scrapping charges on balance inquiry.
The RBZ, however, maintained the bank policy rate at 35 per cent.
