The Reserve Bank of Zimbabwe is set to print $400 million dollars (bond notes) to be pumped into the economy following the re-introduction of the Zimbabwe Dollar on Tuesday through the promulgation of Statutory Instrument 242 of 2019. A report by New Zimbabwe says:
About 400 million bond notes are expected to hit the market with Mangudya assuring the nation that the central bank will keep the printing machine to a level that will not cause devaluation.
More to follow…
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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