Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has announced that the central bank will release a new currency in two weeks.
According to the Central bank Governor, RBZ will introduce new $2 and $5 Zimbabwe Dollar notes and not bond notes as well as $2 bond coins in circulation in the next two weeks.
The governor dropped the bombshell at the inaugural press conference given by the Monetary Policy Committee (MPC) on Tuesday afternoon.
President Emmerson Mnangagwa and Finance Minister Mthuli Ncube had previously said that Zimbabwe would have a new currency before the end of the year.
However, they were accused of ambushing Zimbabwean citizens and would erode savings as prices of commodities soared.
Zimbabwe has been using the surrogate currency ‘the bond’. The currency continued to lose value after the scrapping of the multi currency regime.
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