THE Reserve Bank of Zimbabwe (RBZ) says it will issue higher denomination notes, when necessary, as part of a package of measures to support economic activity.
The central bank recalibrated its monetary policy framework to restore currency and exchange rate stability, control the money supply and support economic growth.
The recalibration included the introduction of a new structured currency, the Zimbabwe Gold (ZiG), which is anchored by a composite basket of foreign currency and precious metals held as reserves.
The ZiG notes and coins, which range from ZiG1 to ZiG200, are backed by gold, other precious minerals and foreign currency reserves.