Mabonds Ambuya Nehanda avakumuka: RBZ Introduces New $50 Bank Note

NEHANDA

The Reserve Bank of Zimbabwe has introduced a new $50 banknote, which goes into circulation tomorrow (Wednesday). RBZ Governor John Mangudya confirmed the development in a statement Tuesday. “The Reserve Bank of Zimbabwe (the Bank) wishes to advise the public that the ZW$50 banknote issued on 6 July 2021 through Statutory Instrument 196 of 2021 will be introduced into circulation on 7 July 2021,” he said. “The Bank shall release $360 million through the normal banking channels, and banks are expected to fund their respective accounts held at the Reserve…