RBZ speaks on releasing more bond notes to ease cash shortages

Reserve Bank of Zimbabwe Deputy Governor Dr Kupukile Mlambo told The Sunday Mail Business last week that the central bank was gathering data that would enable it to establish market cash requirements before deciding on injecting bond notes into circulation.

Said Mlambo:

We haven’t met about it yet, we are just looking into the information first (because) we need to collect information and see how (money) is circulating and so on.

Pressed on if the RBZ would increase the amount of bond notes in circulation, Dr Mlambo said:

I can’t say right now because, like I said, we are working out the circulation; we still have to work that out. If you talk to me in about a week or so, I may have something because right now we are still collecting the data.

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So far, the RBZ has issued US$17 million worth of bond notes.

More: Sunday Mail