Tag: bond notes
Mnangagwa’s administration is struggling to overcome the national economic destruction wreaked on Zimbabwe over two decades under Robert Mugabe.
Zimbabwe introduced bond notes in November 2016 in a bid to ease acute shortages of cash.
Zimbabwe is more than doubling its issuance of "bond notes", a domestic quasi-currency, to $500 million, its central bank governor said on Wednesday, stoking fears of a slide towards the rampant money-printing...
Zimbabwe's "bond note" surrogate currency will not solve its economic problems, the International Monetary Fund said, adding that only comprehensive reforms would address a fiscal crisis.
The southern African nation introduced a $2 note and $1 coin last November to ease the cash shortages.
Chinamasa had pencilled in a deficit of $150 million in November 2016, equivalent to 1.1 percent of GDP.
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