bond notes

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.
Read More...

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.
Read More...

Long-suffering Zimbabweans are now being forced to accept huge sackfuls of coins from their banks and mobile money agents as bond notes vanish from the local market on the back of currency dealers who are either hoarding them for…
Read More...

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.
Read More...

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.
Read More...

By Gift Phiri There are fresh fears that the country’s dying economy is hurtling towards the debilitating depths of the 2008 hyperinflationary era, as bond notes are now also disappearing from the market. This comes as United…
Read More...

By Tendai Kamhungira Former Industry and International Trade minister Nkosana Moyo has slammed bond notes, arguing the surrogate currency is “not the answer” to the country’s deepening cash crisis. The bond notes — valued at par…
Read More...

By Gift Phiri Retailers and dealers fuelling the three-tier pricing that has emerged as market forces are overpowering the forced parity of bond notes face imprisonment of up to seven years. This comes after President Robert…
Read More...

Retailers who are using a multi-tier pricing system for different payment systems are violating the Bank Use Promotion Act and risk the full wrath of the law, a senior Reserve Bank official has said. RBZ deputy governor Dr Kupukile…
Read More...

By MacDonald Dzirutwe Zimbabwe's central bank has printed half of the 'bond notes' quasi-currency it intends to issue under a $200 million scheme, a state newspaper reported on Friday, as the country grapples with a biting shortage of…
Read More...