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Harare: Zimbabwe's central bank will introduce new banknotes of up to 100 million Zimbabwe dollars, in an attempt to control hyperinflation, state media reported on Wednesday.
The Reserve Bank of Zimbabwe has unveiled new Z$10 million, Z$50 million and Z$100 million notes that would go into circulation on Thursday, the Herald newspaper said.
The previously highest denomination was Z$1 million.
Cash withdrawal limits would also be raised, just days after soldiers, reportedly angry they could not draw cash from banks, turned on residents and currency dealers.
"The release of the new notes follows the recent review of cash withdrawal limits to $100 million and $50 million for individuals and company account holders per week respectively," the Herald said.
The army blamed the violence on undisciplined soldiers.
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