{"id":15585,"date":"2019-11-05T18:11:24","date_gmt":"2019-11-05T16:11:24","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=15585"},"modified":"2019-11-05T18:11:24","modified_gmt":"2019-11-05T16:11:24","slug":"rbz-removes-bond-note-inscription-on-new-currency","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/rbz-removes-bond-note-inscription-on-new-currency","title":{"rendered":"RBZ removes \u201cBond Note\u201d inscription on new currency"},"content":{"rendered":"<p>THE Reserve Bank of Zimbabwe (RBZ) has released the main features of the country\u2019s new currency effectively re-designated in June but having had its place held by the surrogate bond notes indicating the only major difference will be the removal of the words \u201cbond note\u201d.<\/p>\n<p>The new currency is due this month according to RBZ Governor John <a href=\"https:\/\/en.wikipedia.org\/wiki\/John_Mangudya\">Mangudya<\/a>.<\/p>\n<p>According to RBZ\u2019s Statutory Instrument 231 of 2019, the two dollar note will maintain a green colour and a dominant feature of Parliament on one side and balancing rocks on the other, similar to its two bond note.<\/p>\n<p>The five dollar note will also maintain its purple colour, a dominant feature of the three giraffes and three palm trees.<\/p>\n<p>\u201cThere shall be issued, in terms of the Act a two dollar banknote and a five dollar banknote.<\/p>\n<p>\u201cOn the front side of both the two dollar note and the five dollar note the dominant feature shall be the logo of the RBZ (three balancing rocks) with the visually impaired recognition feature to the left, latent image showing the denomination, optical variable ink with colour shift from gold to green, security thread with the inscription \u2018RBZ\u2019 and see through of the Zimbabwe bird looking to the left in perfect register,\u201d the Apex Bank said in the Government Gazette.<\/p>\n<p>\u201cIn respect of the two dollar note, on the back side there shall be an impression of the Parliament of Zimbabwe Building and the Eternal Flame. In respect of the five dollar note, on the back side there shall be an impression of three giraffes and three palm trees.\u201d<\/p>\n<p>Mangudya announced last week that the RBZ will be introducing the new notes as a way of dealing with cash shortages as well as bringing the currency reforms to finality.<\/p>\n<p>The Zimbabwe dollar makes a return 10 years after it imploded out of circulation as the country\u2019s economy took a hit from a combination of bad policies and especially the effects of the land reform programme as well as political bickering.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE Reserve Bank of Zimbabwe (RBZ) has released the main features of the country\u2019s new currency effectively re-designated in June but having had its place held by the surrogate bond notes indicating the only major difference will be the removal of the words \u201cbond note\u201d. The new currency is due this month according to RBZ [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":15327,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[249,807,653],"class_list":{"0":"post-15585","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-currency","10":"tag-mthuli-ncube","11":"tag-rbz"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBZ removes \u201cBond Note\u201d inscription on new currency - zimbabwe<\/title>\n<meta name=\"description\" content=\"THE Reserve Bank of Zimbabwe (RBZ) has released the main features of the country\u2019s new currency effectively re-designated in June but having had\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-removes-bond-note-inscription-on-new-currency\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBZ removes \u201cBond Note\u201d inscription on new currency\" \/>\n<meta property=\"og:description\" content=\"THE Reserve Bank of Zimbabwe (RBZ) has released the main features of the country\u2019s new currency effectively re-designated in June but having had\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-removes-bond-note-inscription-on-new-currency\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-05T16:11:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/2019\/10\/Mthuli-Ncube-680x380.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"680\" \/>\n\t<meta property=\"og:image:height\" content=\"380\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-removes-bond-note-inscription-on-new-currency\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-removes-bond-note-inscription-on-new-currency\",\"name\":\"RBZ removes \u201cBond Note\u201d inscription on new currency - 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