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Zimbabwe's central bank on Wednesday announced the introduction of higher denomination of banknotes to help end a cash crunch that has seen people besieging banks.
Central bank governor Gideon Gono said in a televised speech that the Z$200,000 bill - currently the highest value note and equivalent to $6.66 at the official rate and $0.12 on the widely used black market - would be phased out by January 1.
Gono said higher-value Z$750,000, Z$500,000 and Z$250,000 bills would start circulating on Thursday in an attempt to end cash shortages that have forced some people to sleep outside banks in the hunt for cash amid a severe economic crisis blamed on President Robert Mugabe's policies.
All they need to do now is put his picture on it... follow our lead.
Zimbabwe's central bank on Wednesday announced the introduction of higher denomination of banknotes to help end a cash crunch that has seen people besieging banks.
Central bank governor Gideon Gono said in a televised speech that the Z$200,000 bill - currently the highest value note and equivalent to $6.66 at the official rate and $0.12 on the widely used black market - would be phased out by January 1.
Gono said higher-value Z$750,000, Z$500,000 and Z$250,000 bills would start circulating on Thursday in an attempt to end cash shortages that have forced some people to sleep outside banks in the hunt for cash amid a severe economic crisis blamed on President Robert Mugabe's policies.
All they need to do now is put his picture on it... follow our lead.