No sign of hyped new banknotes for cash-starved Zim


No sign of hyped new banknotes for cash-starved Zim

Not that anybody thinks the low-denomination notes will end the cash shortage and ease inflation

MacDonald Dzirutwe

Heralded by Zimbabwe’s central bank and President Emmerson Mnangagwa as the answer to an acute cash shortage that has hamstrung the country’s economy, new low-denomination banknotes were due to enter circulation on Monday.

But by noon they had seemingly failed to arrive.

Banks visited by this publication had yet to receive the new bills, and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said he could not immediately comment on why they had not been distributed...

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