Zimbabwe News and Internet Radio

Zimbabwe to initially print 400 million Zimbabwe dollars- RBZ governor

By MacDonald Dzirutwe

Zimbabwe’s central bank governor John Mangudya said on Monday the southern African nation will initially print 400 million Zimbabwe dollars, which will be gradually introduced in circulation to fill gap left by end of dollarisation.

The Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya
The Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya

He also told lawmakers in parliament that $525 million has been traded on Zimbabwe’s official interbank market since its launch in February.

Zimbabwe made its interim currency, the RTGS dollar, the country’s sole legal tender last Monday, ending a decade of dollarisation and taking a another step towards relaunching the Zimbabwean dollar. Reuters