Zimbabweans are stuck with a lot of questions in their minds after the announcement of the new notes that are to be injected in two weeks time.
In a press statement after the two day meeting of the Monetary Policy Committee, Dr Mangudya said new notes and coins will be introduced in two weeks time and they will circulate alongside bond notes at the same value.

The question now is, is it going to be the new currency or they are just another bond notes?

The situation in Zimbabwe at the moment is not segregating from the fuel queues, cash crisis, sky rocketing prices of basic commodities, hyper inflation.

Should the people trust the government for a better tomorrow or it is just another trick to steal peoples monies? The only thing promoted by the present day Zimbabwe is critical thinking that one will really solve nothing.

Having experienced cash shortages over the past few years, despite the introduction of the bond notes in 2016 which were to supplement the United States dollar that was adopted in 2009, but ended this year, all trust has withered away.

Neither will the bond notes or introducing more bond notes will save the stuttering economy of Zimabwe.

However, Dr Mangudya said the new $5 notes and $2 coins are going to ease the cash shortages that have resulted in the cash barons charging premiums of up to 60% with their two-tier pricing for digital money and cash.
Also, he said the notes will not be inflationary as RTGS dollars will be removed from circulation as cash is issued.

Can it be made clear What is the Zimbabwe Dollar (ZWL)? What is the Real Time Gross Settlement (RTGS)? Is there a difference on all these terms?

Some of the unanswered questions in the minds of Zimbabweans towards what is to be announced as the new notes.

Zimonline