Reserve Bank unveils Z$250 million note
Zimbabwe's central bank, currently grappling with record-breaking inflation, has introduced a new high-denomination bank note of a quarter of a billion dollars, state television reported Monday, 5 May 2008.
"The Reserve Bank of Zimbabwe's governor Gideon Gono has unveiled a new 100 million and 250 million dollar... note and this will be in circulation starting tomorrow (Tuesday)," reported state television.
The report said the new note was for "the convenience of the banking public and the corporate sector".
This is the second set of high denomination notes to be issued this year, the last on 2 April when a 50 million dollar note was put into circulation after the introduction of a Z$10 million note in January.
