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RBZ Unveils New ZiG Banknotes To Circulate From 7 April

The
new
notes
will
circulate
alongside
the
existing
series
introduced
in
April
2024.

Speaking
during
the
2026
Monetary
Policy
Statement
on
27
February,
RBZ
Governor
John
Mushayavanhu
said
the
notes
are
not
a
new
currency,
but
an
upgrade
with
improved
design
and
enhanced
security
features.
He
said:

“These
banknotes
will
co-circulate
with
the
existing
notes
in
the
system.
We
currently
have
ZiG
10
and
ZiG
20
in
circulation.
The
new
series
will
circulate
side
by
side
with
the
old
notes.”

Mushayavanhu
said
banks
must
continue
accepting
the
old
notes,
which
will
be
gradually
withdrawn
and
destroyed
as
they
are
returned
to
the
banking
system.
He
said:

“When
you
are
in
a
shop,
and
someone
brings
a
new
note,
it
is
acceptable.
If
someone
brings
the
old
one,
it
is
also
acceptable.

“However,
when
the
old
notes
return
to
the
banking
system,
banks
are
expected
to
surrender
them
to
the
central
bank
for
destruction
and
replacement
with
new
notes.”

The
central
bank
chief
said
the
smaller
denominations

ZiG
10,
ZiG
20,
and
ZiG
50

will
be
released
on
7
April,
while
the
higher
denominations,
ZiG
100
and
ZiG
200,
will
be
introduced
at
a
later
date.

The
RBZ
also
announced
that
it
will
carry
out
an
extensive
public
awareness
campaign
ahead
of
the
rollout
to
familiarise
citizens
with
the
new
security
features.