RBZ To Release Bond Notes Worth $300 Million Month End, Bringing Bond Notes to Half a Billion

The Reserve Bank of Zimbabwe (RBZ) has announced that it will release Bond Notes worth $300 million at the end of this month. The RBZ says that the $300 million is another facility from the  African Export and Import Bank (Afreximbank), which supported the $200 million Bond Note facility which was introduced in November 2016. The central bank says this will take the bond notes in circulation to half a billion dollars ($500 million).

The authorities expect the $300 million facility to increase exports and generate more foreign currency as a result, while at the same time improving the liquidity situation in the country. This comes as the cash shortages continue to worsen across the whole country.

More: Business Weekly

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