bond notes

Government has threatened to descend heavily on businesses and individuals refusing to accept bond notes as legal tender.
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By Gift Phiri In an unexpected development, Zimbabweans are stampeding to their banks in large numbers to withdraw the newly-introduced bond notes. For the third day running yesterday, stressed banks battled to cope with the long…
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By Eddie Cross Money is quite simply just a “medium of exchange”. It has no inherent value on its own. Down through the ages people have issued and adopted various forms of money – from rock carved in specific shapes to sea shells and…
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By Oliver Kazunga Some service stations in Bulawayo have stopped accepting plastic money from motorists when buying fuel. In light of the current cash shortages, the Reserve Bank of Zimbabwe (RBZ) has encouraged the transacting public…
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By MacDonald Dzirutwe Zimbabwean riot police used water cannon on Wednesday to scatter 20 activists protesting at the introduction of "bond notes", a new domestic currency they say could touch off uncontrolled money printing and a return…
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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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Zimbabwe has launched its own money for the first time since the country's dollar was abandoned seven years ago amid rampant inflation. The bond note, which is worth one US dollar - the country's main currency since 2009 - is raising fears…
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Zimbabwe has launched a controversial new currency in a last ditch bid to inject desperately needed cash into its failing economy. Many ordinary people fear the new “bond notes”, issued on Monday by the central bank in Zimbabwe, will…
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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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