bond notes zimbabwe

The bond note is increasingly suffering rejection from the corporate sector after Delta Corporation Limited went public on Wednesday saying it will be selling its products in hard currency.
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The bond note yesterday crashed to 1:250 against the United States Dollar — sparking panic among ordinary Zimbabweans who have been raging all week over government’s controversial two cents per dollar tax on electronic transactions — which…
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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 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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Government's introduction of bond notes last year to address a relentless cash crisis fuelled a currency black market, which had been subdued due to a multiple currency regime, the International Monetary Fund (IMF) has indicated.
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The Reserve Bank of Zimbabwe (RBZ) is engaging the Zimbabwe Revenue Authority (Zimra) to institute stringent controls at the border posts to plug the leakage of bond notes into neighbouring countries.
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The Reserve Bank of Zimbabwe (RBZ) has released a total US$160 million worth of bond notes into circulation since last November as part of measures to ease shortages of money in the country.
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Reserve Bank of Zimbabwe Governor (RBZ) Dr John Mangudya has dismissed as false, social media reports that the central bank was introducing bigger denominations of bond notes.
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The Reserve Bank of Zimbabwe is not rolling out $10 and $20 bond notes currency, central bank governor John Mangudya has said.
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