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Zimbabwe to introduce 200m-dollar note

(Xinhua)
Updated: 2008-12-07 17:15

HARARE -- The Reserve Bank of Zimbabwe (RBZ) will soon introduce a 200 million-Zimbabwean-dollar note in a move expected to bring convenience to the transacting public, The Herald reported on Saturday.

People queue to withdraw money from the People's Own Savings Bank (POSB) in central Harare, December 5, 2008. [Agencies]

The introduction of the note follows the announcement by the central bank that it would, with effect from next Friday, raise the weekly cash withdrawal limit to 500 million Zimbabwean dollars, the daily newspaper said.

Related readings:  Zimbabwe to issue Z$100m banknotes

Plans for the introduction of the new note are contained in a Statutory Instrument published in Friday's Government Gazette by the Minister of Finance Samuel Mumbengegwi.

Distinctive features of the note include an impression of the Zimbabwe Parliament Building and the Tomb of the Unknown Soldier at the National Heroes' Acre on one side, and the RBZ logo, which comprises three balancing rocks, on the other side.

However, the regulations do not state the date on which the note comes into circulation.