The Reserve Bank of Zimbabwe (RBZ) has dismissed a message calling on Zimbabweans to deposit all bond notes claiming the Central Bank wants to replace them with a new currency in November.
Speaking at the Institute of Administration and Commerce annual conference in Victoria Fall, RBZ Deputy Governor Kupukile Mlambo, said contrary to the message circulating on WhatsApp, RBZ will soon release $300 million more bond notes after the initial $200 million facility was exhausted. Said Mlambo:
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The message that the RBZ wants all bond notes by 1 November 2017 is definitely not from us. The bond notes have no expiry date and as long as that facility is still available we shall continue using the bond notes.
Bond Notes are a currency of notes backed by a bond that the Zimbabwe government announced on 4 May 2016 by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya. The $2 denomination of the notes was finally introduced on 28 November 2016. More notes were... Read More About Bond Notes
The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe
WhatsApp Messenger is a cross-platform mobile messaging app which allows mobile phone users to exchange messages without having to pay for Short Message Services costs. WhatsApp Messenger application is compatible with different mobile phone models such as iPhone, BlackBerry, Android, Windows Phone and Nokia. The... Read More About WhatsApp