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zimbabwe bond notes

RTGS dollar starts strong

Zimbabwe's new RTGS dollar held firm at around 2,5 to the United States dollar (USD) as it started trading on Friday. With the bond note, bond coin and RTGS dollar (RTGS$) assuming the role of Zimbabwe’s medium of exchange, banks quoted the…
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‘Mangudya formally devalues the bond’

By Jacob Mafume The RBZ officially introduced a new currency despite days of denial by the Zanu PF government including the Ministry of Finance and the RBZ. Again the Monetary statement fails to deal with the basic fundamentals,…
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Zimbabwe scraps bond-note dollar peg

Zimbabwe scrapped the peg between its quasi-currency bond note and the U.S dollar on Wednesday, its central bank governor said, potentially paving the way for its official currency exchange rate to slide sharply to match its value on the…
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New Finance Minister eyes urgent reforms

Newly appointed Finance Minister Mthuli Ncube, has pledged extensive economic reform measures expected to begin with scrapping of Zimbabwe’s surrogate currency, bond notes and reining in Government spending to restore macro-economic…
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Zim now back to 2008 doom

Experts have issued a fresh warning that the country is now a touch away from an economic disaster similar to the meltdown of 2008 when local inflation hit world record levels and supermarket shelves went empty for months on end.
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Bond notes driving up exports: RBZ

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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RBZ set to inject more bond notes

Government is set to inject more bond notes into the system in what is likely to significantly ease the cash crisis with negotiations for a top-up of the initial $200 million facility now at an advanced stage, the Daily News can exclusively…
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