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New notes being printed
Veneranda Langa and Fidelity Mhlanga ·
NEW bank notes will be introduced into the market in a few months’ time to ease the current serious shortage of cash in the country, a Reserve Bank of Zimbabwe (RBZ) official has revealed.
RBZ deputy director for finance and markets, William Manimanzi, disclosed this yesterday when he appeared before the Budget and Finance Portfolio Committee on Monday together with Pfungwa Kunaka, the acting secretary in the Ministry of Finance to speak on the 2020 National Budget.
He said the new notes were being printed outside the country, and would be the solution to the cash crisis in the country, which has resulted in people being short-changed and charged high premiums by money transfer agents.
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