New ZIG banknotes to be launched on April 7

The Reserve Bank of Zimbabwe is set to introduce new ZiG banknotes with higher denominations, up to ZiG200, to address cash shortages. The new notes, including ZiG10, ZiG20, and ZiG50, will be released on April 7, with ZiG100 and ZiG200 notes following later. This move aims to improve transactional convenience and reduce reliance on US dollars .

However, the effectiveness of this initiative remains uncertain, as many transactions still occur in US dollars, and trust in the local currency is a major concern. The ZiG has shown stability, with inflation dropping to 3.8% in February, but its adoption is limited .