zimbabwe bond notes latest

The Reserve Bank of Zimbabwe has increased the bond notes withdrawal limit to $100 per day from $50 and to $300 per week with immediate effect, ahead of increased demand for cash over the festive season. This comes as the bank said…
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By Tendai Biti and Todd Moss | Daily Maverick | The Zimbabwe dollar was abandoned in 2009 after the government ran the printing presses so wildly that the national currency became worthless. The country then adopted the US dollar as…
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The Reserve Bank of Zimbabwe (RBZ) is set to inject an additional $7 million bond notes into circulation this week as part of strategies to ease the current cash crisis.
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Zimbabwe's central bank said on Wednesday it would increase the circulation of its new "bond notes", hailing the new currency's launch a success as it maintained its 1:1 peg to the U.S. dollar.
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By Unknown Zimbabweans will never be serious with their situation, every problem is taken as a joke and no one takes action to rectify bad situations. Just a few days ago, on Monday the 28th of November, a useless form of a…
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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 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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