Zimbabwe will put the first notes of its reintroduced currency into circulation in November, said Eddie Cross, a member of the central bank’s Monetary Policy Committee.
Zimbabwe has been chronically short of paper cash, forcing most transactions onto electronic platforms such as mobile-money system Ecocash.
“We have insufficient cash in the system to meet people’s needs for transactions,” Cross told the Zimbabwe Broadcasting Corp. The new notes “should do away with the queues at the banks and people then should have adequate money for daily use.”
The Zimbabwe dollar was reintroduced in June in electronic form after being abolished in 2009 following a bout of hyperinflation.
more recommended stories
Zimbabwe main opposition MDC united – Chamisa
Harare-Zimbabwe opposition leader Nelson Chamisa has.
Zimbabwe increases passport fees
Harare-In a bid to clear passport.
Zimbabwe opposition official acquitted of treason charges
Harare-MDC national vice-chairperson Job Sikhala has.
Zimbabwe opposition to expel corrupt party officials
Harare- Opposition leader, Nelson Chamisa has.
Court dismisses Marry Chiwenga application
Zimbabwe High Court judge Justice Judith.
State Capture in Zimbabwe: PG
Harare-Zimbabwe Prosecutor General, Kumbirai Hodzi has.