World Markets

Zimbabwe’s central bank to introduce new currency circulate alongside bond notes and coins

Zimbabwe’s central bank will introduce a new currency in the next two weeks, which will circulate alongside the bond notes and coins, the latest step towards restoring a domestic currency, the central bank governor said on Tuesday.

HARARE, Oct 29 (Reuters) - Zimbabwe’s central bank will introduce a new currency in the next two weeks, which will circulate alongside the bond notes and coins, the latest step towards restoring a domestic currency, the central bank governor said on Tuesday.

John Mangudya said the new currency would consist of 5 dollar notes and 2 dollar coins and would be introduced gradually to prevent driving up inflation.

(Reporting by MacDonald Dzirutwe; Editing by Alison Williams)

((Tanisha.Heiberg@thomsonreuters.com; +27117753034; Reuters Messaging: tanisha.heiberg.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More