Zimbabwe will not Issue new Notes.

The Finance Minister of Zimbabwe, Mr. Mthuli Ncube, has announced that the new currency notes will not be introduced but instead will have the replacement notes to balance the cash in circulation and electronic money. The new notes were intended to change the quasi currency.

Zimbabwe had recently announced the new notes under the Zim Dollar banner. Retailers and wholesalers have started in-house bureau de changes to manage exchange rate distortions. The Central Bank hopes to introduce the new Zim Dollar notes before the end of the year.

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