By A Correspondent

Mr Emmerson Mnangagwa’s administration has essentially acknowledged that the current ZiG notes have lost both their value and quality.

In a statement made over the weekend, Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu revealed that the government plans to introduce new banknotes.

Dr. Mushayavanhu said, “New ZiG notes with better quality will be introduced soon to replace the notes currently in circulation.”

This announcement comes amid growing concerns over the deteriorating state of the current currency, which has faced significant devaluation in recent months.