Zimbabwean central bank to introduce $100 note

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Zimbabwe on course to meet 2020 budget deficit target — finance minister
Zimbabwe on course to meet 2020 budget deficit target — finance minister

The Reserve Bank of Zimbabwe on Wednesday said that it was set to introduce a new 100 Zimbabwean (ZWL) dollar note.

This followed instructions by the Finance and Economic Development Minister Mthuli Ncube.

The instructions were given by Ncube in a “Statutory Instrument’’ published in the April 5 “Extraordinary Government Gazette.’’

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This follows the introduction of a 50 ZWL note in July 2021.

At Tuesday’s weekly foreign currency auction, the ZWL’s rate fell to 145.8721 ZWL to 1 U.S. dollar, down from the previous week’s 142.4237 to 1 U.S. dollar.

(Xinhua/NAN) 

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Source: Vanguard Newspaper