Central Banking

Zimbabwe issues $150bn bearers' cheques

The Reserve Bank of Zimbabwe says it has so far issued $153 billion worth of bearers' cheques onto the cash-starved market. The bank however, refused to shed light on market speculation that it had stopped printing travellers' cheques for non-travellers and reduced supplying notes because they were expensive to print.

Source: Zimbabwe Independent

The Reserve Bank of Zimbabwe (RBZ) says it has so far issued $153 billion worth of bearer's cheques onto the cash-starved market as it frantically bat