Categories: Finance

New Notes Are Going To Be Printed & Will Be Available In A Few Months – RBZ

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The story about government introducing a new currency has been marked by twists and turns. Initially, Finance Minister Mthuli Ncube himself mentioned that a new currency in the form of new notes and coins will be introduced.

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And over a month later, Eddie Cross, who happens to sit on the Monetary Policy Committee, confirmed that the new currency will debut in November. However, a day later the government distanced itself from Eddie Cross’s statement.

Now RBZ deputy director for finance and markets, William Manimhanzi has revealed that new notes will be introduced in a “few months” time. As reported by Newsday, Mr Manimhanzi said:

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There are currency reforms that have taken place over the past few months and we have been working on ways to try and ameliorate the current cash shortages…..

I am not privy to the dates, but what is happening is that new notes will be available soon so that they meet the required cash demands. Obviously, these notes are going to be printed outside the country and this requires foreign exchange. That is all I can say at the moment – but maybe in a few months — I do not know exactly when, but those new notes will be available.

This comes on the heels of a promise by the RBZ to pump more cash into the economy to curb cash shortages which had turned mobile money agents into ‘cash traders’.

Also read:Zimbabwe Took Back Control Of Its Economic Destiny- Mthuli Ncube


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  • Mungabva matadzawo grammar first sentence of the article here boys?Kasi no one proof reads your articles?Musadaro

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    • Yours is even worse, poor punctuation. Why do you always look at other people's errors whilst overlooking yours?

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      • There is a big difference, one is writing an article intended for mass consumption, whilst the other is just a mere comment. It's called professionalism. Plenty of the authors articles have grammatical errors, which is amazing given the easy, free and numerous methods that could be employed to avert that.

        Evn f 1 doeznt rite a coment corectly, no1 cares, xcept u.

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  • Introducing a new currency and printing new notes is not one and the same thing. Can you make up your mind on which is which.

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  • Is there any thought on how to sustain these notes or as usual its a joke again where the inflationary pressures will overtake and render them useless, why not Government first fix/facilitate the fundamentals like agriculture, industry, local production, exports and foreign investments with strategic partnerships and joint ventures. FOOD FOR THOUGHT!

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  • It's all up to us as citizens to accept the notes , if we choose to participate in destroying it it's all up to us, *Democratic will* , like kana muchida baba venyu vakati ngatidye derere nhasi munhu wese anongidya achifara zvikafamba, vamwewo baba vasungadiwe cchero vakauya nenyama vana vanogona kungoti takaguta, at the end the father always wibcoz vanokusiyai makadaro muchivatuka ivi vakaguta kana kugochera havo nyama yacho kubar

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    • Yes you are right, the people are the ones who have to accept it for it to work. Like in every other Country in the world, it is all a fiat currency. Zimbos now do not see it that way, and it is sad. We are worsening our economy by revolting policies put in place, all because people think the US dollar is what we need to be using smh..

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  • Zanu pf does not have the capacity to change this economy. they are just going in circles and coming bek to the sem point. For everything to change there should be good governance, we need fairness in all our government operations - including the elections. So long who ever doesnt deserve that presidium post, nothing is going to change.

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  • Hi Everyone,
    Am I the only one who noticed that the pic isn’t quite right? Is it really 007 bond? Is the RBZ logo upside down? Is the currency an “inconvenience” are the pics on the notes of known faces? And comments are about grammar and diction!! Haha,
    Come on chaps!!

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  • THESE GREEDY AND EVIL SUPPLIERS AND RETAILERS ARE THE ONES CAUSING HAVOC IN THE ECONOMY BY THEIR UNSCRUPULOUS DESIRE FOR MORE PROFIT AT THE EXPENSE OF THE POPULACE. IT'S NOT THE FAULT OF THE GOVERNMENT AT ALL. IT'S THEM. SHAME ON YOU FOR YOUR INEXPLICABLE EVIL PANICKING

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  • You guys do realise that the picture in this article is meme from a while back. Seriously MaZimbo, stop falling for fake news in general. Tech Zim please stop using memes in your articles, people may get confused by what to believe.

    Cancel reply
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Alvine Chaparadza

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