HARARE, July 6 (Xinhua) -- The Reserve Bank of Zimbabwe (RBZ) on Tuesday introduced a new 50-Zimbabwe dollar (ZWL) note and said it would release 360 million ZWL into the banking sector starting Wednesday.
"The Reserve Bank of Zimbabwe (the Bank) wishes to advise the public that the 50 ZWL banknote issued on July 6 through Statutory Instrument 196 of 2021 will be introduced into circulation on July 7 2021," said RBZ governor John Mangudya in a statement Tuesday.
"The bank shall release 360 million ZWL through normal banking channels and banks are expected to fund their respective accounts held at the Reserve Bank and collect the cash from July 7, 2021," said Mangudya.
The new note, which is about 60 U.S. cents at the prevailing foreign currency auction rate, joins the 2, 5, 10 and 20 ZWL notes which are already in circulation. Enditem
