Automated Teller Machines across Harare have begun dispensing the newly upgraded Zimbabwe Gold (ZiG) notes, marking a major step in the currency’s rollout following their official release on Tuesday.
Customers at several banking institutions, including a branch in Borrowdale, successfully withdrew the new ZiG10 and ZiG20 denominations. This initial phase marks the start of wider circulation of the enhanced notes through ATM platforms nationwide.
The upgraded ZiG notes feature advanced security elements, improved durability and a refined design that aligns with international currency standards. Despite the introduction of the new notes, existing ZiG notes will remain legal tender until they are gradually withdrawn from circulation.
In a statement, the Reserve Bank of Zimbabwe confirmed that higher-value denominations will be rolled out progressively.
“The higher ZiG100 and ZiG200 denominations will gradually be introduced in due course, guided by transactional demand, and monetary and financial conditions in the domestic economy. The ZiG coins, introduced on 5 April 2024, and re-issued in sufficient quantities including the ZiG1, ZiG2, and ZiG5 will remain in circulation to support small-value transactions and reduce pressure on low-denomination notes,” the central bank said.
The introduction of the improved ZiG currency is expected to enhance convenience, strengthen public confidence and support transactional efficiency across the economy.
