RBZ announces new $50 notes

The Reserve bank of Zimbabwe has announced that it will be issuing new $50 notes starting from 7 July. The new notes are meant to ease the money circulation problems and also reduce bulk monies with the smaller notes. This announcement comes at a time when the economy is resuscitating and there are signs of recovery in certain sectors. The notes will be distributed through the normal banking system. An amount of 360 million is expected to be disbursed in this initiative

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