Categories: Zim Latest

BREAKING: RBZ announces imminent introduction of $100 note

The Reserve Bank of Zimbabwe has announces imminent introduction of Z$100 note.

This comes as an indication of how the local currency is continuously losing its value.

While month-on-month inflation declined from 6.99% in February to 6.31% in March, annual inflation rose from 66.77% to 72.7%.

The Zimbabwean dollar has lost its purchasing power, with market watchers calling for a total dollarisation.

Zwnews

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