Introduction of ZW$50 banknotes in Zimbabwe

Introduction of ZW$50 banknotes in Zimbabwe

Well, we do not know if this could be the road to 2008 during the bearers cheque times or what but the Reserve Bank of Zimbabwe has released a statement indicating the introduction of new ZW$50 notes. These new notes have been issued today on the 6th of July 2021 through Statutory Instrument 196 of 2021 and they will be introduced into circulation on the 7th of July 2021.

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The bank indicated that they will be releasing ZW$360 million through normal banking channels and banks in the country are expected to fund their respective accounts held at the Reserve Bank of Zimbabwe and collect cash from 7 July 2021.

For those interested in seeing the notes, below is the banknote and the features to look out for the notes:

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New $50 banknote features
Reserve Bank Memo

Nick Mangwana also posted on Twitter about the new banknotes coming into public circulation on the 7th of July 2021.

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