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ZW$50 Bank Note Coming RBZ


RBZ Monetary Policy Statement
As previously advised, the Bank shall soon be introducing a ZW$50 banknote to augment the current stock of banknotes in circulation. The Bank reiterates that banknotes, new or old, do not cause inflation in an economy since they do not increase money supply.
Cash payments are an alternative to other methods of transacting and do not constitute money creation.
Price dynamics are influenced by the level of money supply in E& an economy as opposed to its composition (electronic money, transfers, cash, etc.), hence the Bank’s firm commitment to keeping the level of money supply growth under control through its conservative or hawkish monetary targeting framework.


Robert Tapfumaneyi