Zimbabwe to print $75 million in ‘bond notes’ in 2016

zimbabwe-100-trillion
Reserve Bank of Zimbabwe will issue the first bond notes next month

The Reserve Bank of Zimbabwe is to print $75 million worth of "bond notes" in an attempt to tackle cash shortages in the dollarised economy, governor John Mangudya announced as part of the bank's biannual monetary policy statement on September 15.

Mangudya said the reserve bank will release the notes by the end of October, starting with the smaller denominations of $2 and $5; $10 and $20 notes are expected to follow. All are meant to be equivalent in value to the US dollar and will be classed

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