THE Reserve Bank of Zimbabwe (RBZ) is set to introduce a new $100 note to improve convenience for the public.
As a direct response to resurgent inflation, the monetary authorities this week moved in to harness inflationary pressures and stabilise the volatile parallel market exchange rate by increasing key interest rates and cutting down the quarter target for money supply growth.
While month-on-month inflation declined from 6,99 percent in February 2022 to 6,31 percent in March 2022, authorities are concerned with the rise in annual inflation from 66,77 percent to 72,70 percent.
According to a Government Gazette, the monetary authorities are introducing the $100 note in terms of section 40 (3) of the RBZ Act (Chapter 22:15).
In Other News – Man vanishes without paying over $3 000 bill at Amanzi Lodge
A local man who at this moment is not known which part of the country he is from, has disappeared without settling his bill of over $3 000 after having a great time of his life at Amanzi Lodge, a luxury boutique hotel in the heart of Harare, nestled amongst lush botanical gardens.
From the information MbareTimes.com has come across, the culprit goes by the name Deon Marvin Hinze. He went and stayed at the lodge, together with his friend where they entertained ladies and ran up a large bill at the restaurant for...learn more
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