Zimbabwe will soon release new higher denomination Zimbabwe dollar banknotes to meet transactional demand for both locals and tourists.
Zimbabwe’s Finance and Economic Development Minister, Professor Mthuli Ncube, said the new notes – $10, $20 and $50 – would be in circulation within the next few months.
“We are injecting cash into the economy, but we want to do it in a non-inflationary way where we are changing electronic currency for physical cash,” Ncube said.
The higher denominations are expected to ease the way people access goods and services while tourists will be able to access cash when they want to change their forex.
The Reserve Bank of Zimbabwe reintroduced the Zimbabwe dollar in June 2019, ending a decade of using the US dollar.