Paul Nyathi|Government will soon unveil higher denominations of money to bring convenience to the transacting public but has to do so with caution to avoid inflationary pressures, Secretary for Finance and Economic Development, Mr George Guvamatanga has said.

“Larger denominations are on the way. We want to manage the money supply. We are aware the money isn’t adequate and this will be addressed.”

Earlier this month, the Reserve Bank of Zimbabwe (RBZ) released new $5 notes and $2 notes and coins to address the biting cash crunch.

However, market watchers have queried the wisdom of introducing small denominations as the country is battling 3-digit inflation.

He said some coins and bond notes will gradually be withdrawn from circulation when Government ultimately introduce higher denominations.

Mr Guvamatanga said this today while responding to questions from journalists during a media briefing in Harare that was organised by Finance and Economic Development Minister Professor Mthuli Ncube.