New bearer cheques soon

of the introduction of the new family of legal tender emerged this week amid reports that the biggest bill would be a Z$1,000 note while the smallest would be a Z$1 note.
It is believed the new currency, reportedly designed and printed by a German company, Giesecke & Devrient (G&D), will return Zimbabwe to stability and convenience.
Reserve Bank governor Gideon Gono is expected to give Zimbabweans 24 hours to hand in their bearer cheques for the new currency before it is demonitised “anytime soon.” The governor believes this is the only way to rein in speculation and punish black market dealers holding on to huge amounts of money.
Bearer cheques, essentially money printed on ordinary paper without any security features, were introduced in 2003 as a temporary expedient.
The largest bearer cheque currently in circulation has a face value of $100,000 (worth US$2, meaning Zimbabweans have to carry large bundles of cash for even small purchases.