#BREAKING Zimbabwe has a new currency known as ZiG, governor John Mushayavanhu says in his Monetary Policy Statement. The notes are coming in denominations of 1, 2, 5, 10, 50 and 100. Coins for half and a quarter ZiG
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#BREAKING RBZ Governor John Mushayavanhu: “Interbank rate of today, April 5, 2024, will be used to convert the Zimbabwe dollar balances to ZiG.”
RBZ governor John Mushayavanhu says ZWL value not the same as ZiG. Zimbabwe dollar balances to be exchanged at Z$1 : ZiG 13,5686 from Monday. Mushayavanhu says value derived from dividing ZWL rate with today’s gold price.
Governor Mushayavanhu: “With effect from today, banks shall convert the current Zimbabwe dollar balances to ZiG. Zimbabweans have 21 days to exchange ZWL notes for ZiG.
“I don’t believe in taking people’s money. The ZiG will circulate with other currencies in the basket.”
