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RBZ unveils new notes
The Herald, (Zimbabwe)
December 03, 2008

http://www.herald.co.zw/inside.aspx?sectid=1227&cat=1

The Reserve of Bank of Zimbabwe has unveiled new $10 million, $50 million and $100 million notes that go into circulation tomorrow.

The release of the new notes follows the recent review of cash withdrawal limits to $100 million and $50 million for individuals and company account holders per week respectively.

Some of the security features on the new notes include a colour shift stripe with RBZ on it, the Zimbabwe Bird colour shift on the front and a see-through 10 000 000 on either side which are in perfect register on the $10 million note.

The see through 50 000 000 and 100 000 000 also appears on either side of the $50 million and $10 million notes respectively.

Before the recent increase the withdrawal limit for individual account holders was $500 000 while companies were allowed to withdraw $1 million a day.

The new family of notes join the $20 000, $50 000, $100 000, $500 000 and $1 million notes introduced during the course of the year.

The introduction of the new notes comes at a time when depositors have been spending hours in long queues at banking halls and ATMs to withdraw cash.

RBZ Governor Dr Gideon Gono recently announced that the central bank was working to ensure workers have enough cash during the festive season.

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