By Almot Maqolo.
HARARE – (News of The South) – The Reserve Bank of Zimbabwe on Friday said the new $10 and $20 banknotes will start to circulate this coming Tuesday and first week of June respectively.
The new banknotes are expected to ease the cash crisis.
“The RBZ wishes to advise the public that the $10 and $20 dollar banknotes issued on 14 May 2020 through Statutory Instrument 103A of 2020, will come as follows: the $10 banknote will commence circulating on Tuesday 19 may 2020 and the $20 banknote will be in circulation by the first week of June 2020,” RBZ stated.
However, the features of the said banknotes will be publicized prior to the circulation of the banknotes.
Also, the central bank has revised withdrawal limits upwards from $300 per week to $1000 per week effective next Tuesday.
“Banks have been directed to ensure that the withdrawal limits are strictly observed. The bank will not tolerate any abuse of currency and will decisively deal with any such abuse in terms of the law,” it said.
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