RBZ Circulates New ZiG Banknotes

Zimbabwe begins circulating upgraded ZiG banknotes today. The Reserve Bank of Zimbabwe (RBZ) confirmed the phased rollout, starting with lower denominations. This move aims to stabilize the local currency, aligning with ongoing reforms.Authorities push for economic stability, with the RBZ stating the rollout will expand gradually based on demand and economic conditions. This follows the introduction of the new ZiG currency in February.The central bank introduced new ZiG notes, dubbed the "Big Five," via the annual Monetary Policy Presentation. Initiatives aim for durable, quality notes.