New coin coming next week: Reserve Bank

Ndaka Majaka

THE Reserve Bank of Zimbabwe (RBZ) says a new two-dollar coin will be introduced into the market on Monday next week.

This follows a pronouncement made in the 2019 Monetary Policy Statement and recommendations from the country’s Monetary Policy Committee that the country needs to increase the level of physical cash in circulation.

“The Reserve Bank of Zimbabwe wishes to advise the public that with effect from 11 November 2019, it shall issue a two-dollar bond coin which will circulate alongside the two-dollar bond note,” the central bank said in a statement released on Monday afternoon.

The two-dollar coin will be bi-metal with the outer rim being copper-nickel plated and the inner core being aluminum-bronze plated. It will have a serrated rim profile with a groove and edge lettering.

It will have an inscription of the words “Two Dollar Bond Coin” and the numeral and symbol “2$” on the observe side along with an inscription of the letters “RBZ” and the numeral “2018” on the reverse side.