Mangudya On Z$5 Banknotes

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Governor of the Reserve Bank of Zimbabwe, Dr John Panonetsa Mangudya

The Reserve Bank of Zimbabwe (RBZ)’s Financial Intelligence Unit (FIU) is investigating cases involving some traders rejecting the $5 notes. It has come to the attention of the state that these are rejected in payment for goods and services.

In a statement this evening, RBZ Governor John Panonetsa Mangudya said all notes issued by the Central Bank and in circulation, including the $5 notes are still legal tender. The statement read:

The Financial Intelligence Unit (FIU) is investigating cases involving traders who are rejecting $5 notes for payment for goods and services. Such conduct is not only counterproductive but also criminal.

Those affected or inconvenienced by this malpractice should report to the Bank, the FIU or the nearest police station.
The Bank urges all traders to conduct their operations within the confines of the law and respect consumers.

The Bank advises that all notes issued by the Bank and in circulation are still legal tender.


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