Zimbabwe back to printing bond notes
Reserve bank to release an extra $300 million into the system from August to deal with forex demand
Fears that bond notes are paving the way for a return of the Zimbabwe dollar are growing, as the Reserve Bank of Zimbabwe has announced it will be releasing another tranche of the currency this year.
In the central bank’s latest monetary policy report, governor John Mangudya says the institution will be releasing further bond notes with a face value of $300 million into circulation, despite previously maintaining the original stock of $200 million was enough.
Launched last year to combat the
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