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Africa Live: Kenya cabinet meets as flood death toll nears 170 - BBC News Africa Live: Kenya cabinet meets as flood death toll nears 170 - BBC News
(about 1 hour later)
Shingai Nyoka
BBC News, Harare
Zimbabweans will start using new banknotes and coins on Tuesday after all banks collected the local currency from the central bank for distribution across the country. South Africans and boxing fans are paying tribute to the legendary boxer Dingaan Thobela, who died on Monday following an undisclosed illness.
The highest denomination of Zimbabwe Gold or ZiG available is the 200 ZiG note worth about $15. He was aged 57.
Individuals will be allowed to withdraw only ZiG 3,000 and companies ZiG 30,000 per week, authorities said. The former world boxing champion was discovered dead at his apartment in Johannesburg after family members failed to get a hold of him on the phone, a spokesperson told AFP news agency.
There are no limits of cash withdrawals for parliament, courts and international organisations, local media reported. "When mobile phone calls to him went unanswered, we came to his flat, gained entry and discovered he had died".
The introduction of the currency early this month is the latest attempt to control soaring inflation in the country. Thobela, who had been nicknamed "The Rose of Soweto", the township where he grew up, was one of South Africa's most successful boxers.
But there are signs the currency is already facing problems. He competed professionally from 1990 to 2006, winning three world titles in two weight divisions.
A digital version has lost a quarter of its value against the US dollar on the black market. He had a record 40 wins out of the 56 fights he entered, 26 of which were knockouts.
It is Zimbabwe's third currency in a decade. "In the ring you dazzled us with your incredible speed,
The ZiG is backed by gold and foreign currency reserves to help maintain its value, the central bank said. skill, devastating power, and tenacity, " X user Dicksy
Ngqula wrote.
"So many moments he gave us. Some memorable and some
work of comedy," said advocate Ike
Thamsanqa Khumalo.
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