Central Banking

Gono explains decision to renege on note change

Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has blamed the weather for backtracking on plans to take the Z$200,000 ($6.67) note out of circulation.

The Reserve Bank said it would withdraw the note at the end of 2007 on 20 December. But Gono said that the central bank had re-instated and extended legal tender status of the note after he was "inundated with country-wide unanimous calls" to extend its lifespan.

These calls, he said, "principally arose from the unexpected adverse i

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: