The recently introduced currency, Zimbabwe Gold (ZIG),set to be distributed on Monday.
Through a social media post seen by Newsreportzim.com posted by Zimbabwe Economic Review on X emphasized that;
🔵Distribution: RBZ distributing new Zimbabwe Gold (ZiG) banknotes and coins to banks starting Monday.
🔵Withdrawal Limits: Weekly cash withdrawal limits set at ZiG3,000 for individuals and ZiG30,000 for corporates.
🔵Commencement: Public can start withdrawing cash from their accounts on Tuesday.
🔵Production: All ZiG banknotes and coins produced locally.
🔵Due Diligence: Banks to ensure no criminal activities; must submit requests above limits to Financial Intelligence Unit (FIU) with valid grounds.
🔵Operational Readiness: Banks prepared for rollout; conducting publicity campaigns.
🔵Denominations: ZiG notes and coins in denominations from ZiG1 to ZiG200.
🔵Currency Replacement: ZiG replaces depreciating Zimbabwe dollar; backed by US$100m in foreign currency and 2.5 tonnes of gold valued at US$185 m.
Social media comments;
than Malibongwe Moyo
200usd per week.
@FrancisMhofu
Ndiri kunzwa kuda kudhomoka guys ( in Freddy ‘s voice) 😆 😂
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Source?
Source Newsreportzim.com
