Zimbabwe new currency notes
As of 2019, the Reserve Bank of Zimbabwe introduced a new currency, the RTGS dollar (RTGS$), which is pegged to the US dollar. The new currency replaced the Zimbabwean dollar (ZWL), which had suffered from hyperinflation.
The new currency notes are as follows:
- RTGS$2
- RTGS$5
- RTGS$10
- RTGS$20
- RTGS$50
- RTGS$100
The RTGS dollar is not a physical currency, but rather a digital currency that is used for transactions. The Reserve Bank of Zimbabwe has also introduced a new digital currency called the Bond Note (ZWL$), which is pegged to the US dollar and is used for transactions.
It's worth noting that the use of the RTGS dollar and the Bond Note is still evolving, and the Reserve Bank of Zimbabwe is working to establish a more stable and reliable monetary system.
Here are some key features of the new currency notes:
- The RTGS dollar notes feature images of Zimbabwean leaders and national symbols, such as the national flag and the Zimbabwean coat of arms.
- The notes are printed by the Reserve Bank of Zimbabwe and are designed to be more secure and difficult to counterfeit than the previous Zimbabwean dollar notes.
- The RTGS dollar notes are not yet widely accepted outside of Zimbabwe, and the country is still working to establish a more stable and reliable monetary system.
It's also important to note that the use of foreign currencies, such as the US dollar, is still common in Zimbabwe, especially for large transactions and international trade.