Thurs. 11 April Monetary policy statement highlights of the new Zimbabwe Currency, the Gold backed ZIG. …US Debt Clock on Telegram Thurs. 11 April
- Structured currency to be backed by reserves and royalties
- ZWL dollar currencies are to be converted to ZIG
- ZIG to circulate alongside other currencies.
- A multi-currency system is to stay until 2030 as per the law.
- All obligations are to be converted to ZIG.
- All banks are to accept old notes for the next 21 days.
- ZIG notes 1, 2, 5, 10, 20, 100 200
- Paper cash isn’t going anywhere for some time. People who will want to use paper will have these paper notes and will have a QR Code for tracking.
SOURCE: DINARCHRONICLES
