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The Reserve Bank of Zimbabwe has dismissed social media fabrications that it is introducing higher bond notes denominations of up to $50 describing such information as malicious falsehoods.

Yesterday social media platforms such as Facebook and Twitter were abuzz with reports that the central bank is introducing $10, $20 and $50 bond notes, prohibiting use of MasterCard, Visa Card and Maestro outside the country and rapping certain Government departments over failure to bank cash.

RBZ Governor Dr John Mangudya warned the public not to follow such unfounded and malicious reports.

“These statements are false and should be treated with the contempt they deserve. The bank (RBZ) dismisses the statements in their entirety as false, irresponsible, mischievous and malicious as the Governor nor any officer of the bank has held any such press briefing or made the statements as alleged,” said Dr Mangudya.

He said the the statements were not only false but dangerous as they were calculated to cause alarm and despondency within the economy.

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