bond notes

 Economists have welcomed both President Emmerson Mnangagwa and new Finance minister Mthuli Ncube’s move to rule out the immediate return of the decommissioned Zimbabwe dollar.
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Finance and Economic Development Minister Professor Mthuli Ncube has directed all traders to accept bond notes as they remain legal tender in the country.
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Both President Emmerson Mnangagwa and new Finance minister Mthuli Ncube have ruled out the immediate return of the decommissioned Zimbabwe dollar — saying the country will for now continue to use bond notes and the multiple currency system…
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Renowned financial, economic and investment expert, Professor Mthuli Ncube, has advised Treasury to scrap bond notes and revert to use of the United States dollar in the meantime while working towards restoring the local currency.
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The inauguration of President Emmerson Mnangagwa last week has seen the costs of United States dollars on the parallel market tumbling down by 30 percent while banks have started disbursing the elusive greenback to depositors.
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Hard-pressed Zimbabwean consumers are in the throes of skyrocketing grocery bills that are likely to deprive them of the joys of Christmas, with unofficial inflation figures showing that food prices have gone up by between 20 to 100 percent…
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The Reserve Bank of Zimbabwe (RBZ) says it is satisfied by the impact bond notes have had on exports which grew up by 17 percent last month although its critics on the other hand, accuse the monetary authorities of failing to stop cash…
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Introduced in November last year as part of measures meant to address the liquidity crisis, bond notes have fallen sharply in their value, stirring a wave of massive price increases, especially of basic goods.
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Zimbabwe, which is grappling with a severe shortage of foreign currency, will release an additional $300 million in bond notes under another liquidity support facility secured from Cairo-headquartered lender, the African Export Import Bank…
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Government is set to inject more bond notes into the system in what is likely to significantly ease the cash crisis with negotiations for a top-up of the initial $200 million facility now at an advanced stage, the Daily News can exclusively…
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