7.2.2025
19:30
The
Reserve
Bank
of
Zimbabwe
(RBZ)
is
working
to
improve
the
quality
and
design
of
Zimbabwe
Gold
(ZiG)
banknotes
to
meet
international
standards.
The
central
bank
said
the
new,
high-quality
notes
will
be
introduced
soon,
and
details
will
be
shared
later.
RBZ
Governor
John
Mushayavanhu
revealed
this
when
he
released
the
2025
Monetary
Policy
Statement
on
Thursday.
He
also
announced
that
the
RBZ
will
launch
a
wide-reaching
educational
campaign
and
other
efforts
in
remote
areas
to
ensure
ZiG
notes
are
properly
distributed
throughout
the
country.
He
said:
Cognisant
of
the
need
to
ensure
the
optimal
distribution
of
ZiG
notes
in
the
economy,
particularly
for
ease
of
access
in
the
remote
areas
and
to
further
entrench
financial
inclusion,
the
Reserve
Bank
is
embarking
on
an
intensive
and
extensive
educational
campaign
programme
and
other
initiatives,
working
with
key
stakeholders
in
the
communities.The
Reserve
Bank
is
also
working
on
enhancing
the
quality
and
design
of
ZiG
bank
notes
in
line
with
international
standards.
The
rollout
of
the
improved
high-quality
ZiG
notes
will
be
communicated
in
due
course.
When
the
ZiG
banknotes
were
introduced
in
mid-2024,
many
Zimbabweans
were
unhappy
with
their
poor
quality.
The
notes
were
easily
damaged
and
wore
out
quickly,
making
daily
transactions
difficult.
The
low
denominations
of
the
notes
also
caused
problems,
as
they
were
inconvenient
for
larger
purchases
and
not
widely
used,
especially
in
rural
areas.
Post
published
in:
Business