Dennis Ndlovu
Zim GBC News Reporter
Reserve Bank of Zimbabwe has announced the rollout of a new series of ZiG banknotes, in a move it says is aimed at strengthening confidence in the country’s currency and ensuring adequate cash supply in the economy.
In a press statement, the Reserve Bank of Zimbabwe said the upgraded BiG5 ZiG banknotes will begin circulating today.
“The upgraded BiG5 ZiG Banknotes will commence circulation in the economy from 7 April 2026 as advised in the February 2026 Monetary Policy Statement” RBZ bank said.
The central bank noted that the rollout follows a nationwide awareness campaign conducted throughout March, designed to familiarise the public with the new currency features and usage.
The introduction of the upgraded notes will be gradual, starting with lower denominations such as ZiG10 and ZiG20, alongside the newly introduced ZiG50. Higher denominations, including ZiG100 and ZiG200, are expected to be introduced later, depending on demand and prevailing economic conditions.
Despite the introduction of the new notes, the RBZ reassured the public that existing currency will remain valid.
“The old ZiG banknote series will continue to co-circulate with the new BiG5 ZiG banknotes indefinitely.”
The bank added that older notes would only be phased out naturally once deposited into the banking system.
The Reserve Bank of Zimbabwe also sought to ease concerns about potential cash shortages, saying sufficient quantities of the new notes had already been distributed across the country.
“The Reserve Bank assures the public of the availability and adequacy of ZiG banknotes to meet cash demand.”
To manage access and maintain stability, withdrawal limits have been set for both individuals and businesses.
“Individuals will be able to withdraw up to ZiG10,000 per week, while corporates will access up to ZiG100,000 per week.”
The central bank said the new banknotes will be available through conventional banking channels, including bank branches, ATMs, and HomeLink platforms. Retailers and mobile money operators have also been encouraged to support cash access through cashback services.
The move comes as Zimbabwe continues efforts to stabilise its monetary system, following years of currency volatility and inflationary pressures.
“The Reserve Bank affirms its strong commitment to ‘stay the course’ with prudent monetary policy management” the statement said, adding that such measures are critical for maintaining price and exchange rate stability.
The bank also called on the public to support the transition to the new notes.
“The Reserve Bank strongly urges the public to embrace and use the upgraded BiG5ZiG Banknote Series with pride and confidence.”
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