The Reserve Bank of Zimbabwe (RBZ) has introduced a structured currency Zimbabwe Gold (ZiG) to be backed by reserves and royalties.
Presenting the 2024 Monetary Policy Statement, RBZ Governor John Mushayavanhu said the ZWL dollar currencies will be converted to ZiG.
“ZiG to circulate alongside other currencies and multi-currency systems to stay until 2030 as per the law.
“All obligations to be converted to ZiG.
“All banks are to accept old notes for the next 21 days.”
The ZiG notes are in 1, 2, 5, 10, 20, 100, 200 form.”
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