bond notes in zimbabwe

The battle to block the introduction of bond notes into the local economy is far from over after a top rights group has announced a fresh challenge against the much loathed currency.
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By Shingai Nyoka | BBC News | It is midnight and about 30 people are preparing to settle down for the night on the streets of Zimbabwe's capital, Harare. Their floral fur-pile blankets are spread out over cardboard boxes on the cold,…
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By Tapiwa Kapurura The Zimbabwe bond note issue has now moved from Orange to Red. Critics have poured out their sentiments. Release dates keep moving. The President acted outside the Constitution and the imposed 180 day SI was rushed,…
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Businessman and Faith Ministries Senior Pastor Shingi Munyeza has described bond notes as “satanic”. In a sermon recorded on video, Munyeza said "this thing called the bond notes is not from God, it’s a messenger from Satan to buffet us."…
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By Eddie Cross At the beginning of this year the Reserve Bank suddenly imposed cash withdrawal limits on local bank accounts. The limit was US$10 000 a day. That may not be enough for Grace Mugabe, but for most of us it represented a…
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By Bianca Mlilo Unscrupulous characters have started printing fake bond notes which they plan to coincidentally release when the real bond notes are injected into the economy, a Cabinet Minister said yesterday. The new notes are…
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Zimbabwean President Robert Mugabe has side-stepped parliament to issue a decree clearing the way for the introduction of "bond notes" that have raised fears of a return to a domestic currency abandoned in 2009 as hyperinflation crippled…
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Foreign currencies in bank accounts will not be converted to bond notes when they are finally introduced, Reserve Bank of Zimbabwe Governor Dr John Mangudya has said.
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By Guthrie Munyuki As government prepares to introduce bond notes, jittery ordinary Zimbabweans — including a large cross-section of impoverished women —say the Reserve Bank of Zimbabwe (RBZ) has a herculean task of winning over the…
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By Takura Zhangazha We are all default economists in Zimbabwe now. Or at least some sort of experts in asset management and financial services. Mainly because of the collective national panic over the introduction of bond notes at the…
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