Central Banking

Banknote supplier halts deliveries to Zimbabwe

The dire political situation in Zimbabwe has prompted Giesecke & Devrient, a German banknote supplier, to stop delivering banknote paper to the Reserve Bank of Zimbabwe.

"Our decision is a reaction to the political tension in Zimbabwe, which is mounting significantly rather than easing as expected, and takes account of the critical evaluation by the international community, German government and general public," said Karsten Ottenberg, the chairman and CEO of the supplier.

The supplier said t

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