News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*All Banknotes Issued Since 2016 Still Legal Tender - RBZ* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?fs The Reserve Bank of Zimbabwe (RBZ) said all banknotes that were issued since 2016 are still legal tender. The statement is issued when some retailers have started rejecting $10 banknotes following the issuance of the $50 banknote. ---------- *Latest itel S24 now available on Pindula* $124 Cash on Delivery in Harare & Bulawayo. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- ‘New $50 Banknote Won’t Stoke Inflation’ Zimbabwe’s Central Bank Issues $50 Banknote ‘Cash-starved’ Retailers Welcome $50 Banknote “Worthless” ZW$50 Note Evokes Memories Of The 2008 Era Zimbabwe basket of local currency notes consists of the 2, 5, 10, 20 and 50-dollar bills. The $2 and $5 banknotes disappeared a long time ago as the market rejected them for bigger denominations. The central bank said in a statement: > The Bank would like to advise the public that all banknotes issued by RBZ since 2016 are legal tender in Zimbabwe. Traders who reject such notes should be reported to the Financial Intelligence Unit on hotline numbers 0714039897 or 0780434475. Smaller denominations were ditched mainly because inflation was soaring. Some fear that the recent hike in civil servants’ salaries will trigger a price hike that will render other denominations useless. However, economic experts allay the fears saying there is not going to be an increase in money supply to support price increase. More: Pindula News _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback