Harare (New Ziana)-The Reserve Bank of Zimbabwe on Wednesday announced the imminent introduction of a $100 note as a measure to ease prevailing cash shortages.
Until now, the country’s highest bank note was $50, which was introduced in July 2021.
The announcement was made through Statutory Instrument 68A of 2022.
“The design of the one hundred dollar banknote shall be as follows –(a) on the front side the dominant feature shall be the logo of the Reserve Bank of Zimbabwe (three balancing rocks), with the visually impaired recognition feature to the left, latent image showing the denomination, windowed security strip inscribed “RBZ” with colour shift from red to green, watermark with highlighted inscription “RBZ” and see-through of Zimbabwe Bird looking to the left in perfect register, as secondary features; and (b) on the back side there shall be an impression of Great Zimbabwe Monument and the Baobab Tree, gold coloured iridescent band showing the denomination of the note and see-through of the Zimbabwe Bird looking to the right,” the central bank said.
The government reintroduced the Zimbabwe dollar in June 2019, a decade after it was abandoned due to hyperinflation, abolishing the use of multiple foreign currencies which had been adopted in 2009 in an effort to fix shortages of goods on the market.
On Monday the RBZ announced a raft of measures to curtail the resurgent price increases and stabilise the parallel market exchange rate.
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