bond notes in zimbabwe

By Tawanda Karombo | IOL | Hyper-activity on Twitter, Facebook and WhatsApp dominated the introduction of Zimbabwe’s bond notes – what with vendors on the streets accepting the new currency for airtime credit purchases and other goods –…
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Zimbabwean supermarkets rejected the newly-introduced bond notes in early trade on Monday, despite banks offering the local currency to depositors and excitement on the streets of Harare. The Reserve Bank of Zimbabwe (RBZ)…
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By MacDonald Dzirutwe HARARE - Zimbabwe launched a "bond notes" currency which held its value against the U.S. dollar on Monday, despite warnings that it could cause hyperinflation and suggestions it could bring down President Robert…
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Long queues outside ATMs. Security guards confirming that those machines that are already empty “won’t be stocked until Monday”. A banking official speaking privately of “truckloads” of bond notes on the move before the weekend.…
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Zimbabwe on Monday started issuing "bond notes", its own currency equivalent to the US dollar, in a bid to ease critical cash shortages, but the move sparked fears of a return to hyperinflation. The crisis-hit southern African…
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By MacDonald Dzirutwe Zimbabwe's central bank said on Saturday it will circulate $10 million worth of new bond notes on Monday, a quasi-currency that authorities expect to ease a serious cash crunch, but will limit withdrawals to curb…
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By Ed Cropley | Reuters | In Zimbabwe, where worthless $100 trillion notes serve as reminders of the perils of hyperinflation, President Robert Mugabe is printing a new currency that jeopardizes not just the economy but his own long grip…
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The Reserve Bank of Zimbabwe (RBZ) says it will not be negligent and flood the market with bond notes, due to be launched before the end of this month, to avoid fuelling inflation. The impending launch of the bond notes, which will…
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By Helen Kadirire A woman died over the weekend after enduring long hours in a queue to withdraw $40 from a bank at Joina City in the Harare central business district. She was in the company of her minor child and had come from…
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Zimbabwean human rights lawyers asked the High Court on Tuesday to strike down a decree by President Robert Mugabe allowing the introduction of "bond notes", which have raised fears of a return to a local currency.
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