Withdrawal limits as Zimbabwe releases new currency

Zimbabwe has introduced new banknotes and coins, set to commence on Tuesday, as all banks have received the local currency from the central bank for nationwide distribution.

The highest denomination of the new currency, known as Zimbabwe Gold or ZiG, will be the 200 ZiG note, valued at approximately $15.

In accordance with directives from authorities, individuals will be permitted to withdraw up to ZiG 3,000 per week, while companies can withdraw up to ZiG 30,000.

Reports from local media suggest that there are no cash withdrawal limits for institutions such as…