Mangudya says bond notes will be released till the end of 2017

RBZ Governor Dr John Mangudya told a Zimbabwe National Chamber of Commerce business review breakfast meeting in Harare yesterday that $65 million worth of bond notes would be released next month and that the balance making up the $200 million bond notes support facility from the African Export and Import Bank will be released into circulation gradually, until end of 2017.

Mangudya said,

The maximum is $200 million and that will take us up to 2017. The release of bond notes into the market will be on a gradual basis and we are going to release them sparingly that you may not even notice it. We will finalise an oversight board that will monitor issuance and management of the bond notes.

However, the RBZ says it could not release real green back into circulation, as they would be externalised. Small notes of $2 and $5 bonds will be released.

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