Home / News / ZIMBABWE CENTRAL BANK TO `EDUCATE’ CITIZENS ON BOND NOTES

ZIMBABWE CENTRAL BANK TO `EDUCATE’ CITIZENS ON BOND NOTES

(Bloomberg) — Central bank to begin program to explain introduction of bond notes as currency, Deputy Governor Charity Dhliwayo tells lawmakers in capital, Harare.

  • Public to be told that each bond note will be worth its exact counterpart in U.S. dollars
  • Bond notes to be printed outside Zimbabwe, not by central bank-owned Fidelity Printers that printed country’s currency prior to 2009
  • Each bond note to be backed by $200m “facility” from Africa Export-Import Bank: Dhliwayo
  • Southern African nation abandoned Zimbabwe dollar in 2009 when hyper-inflation reached 500b percent; it’s since used multiple currencies, though trade is dominated by USD

Check Also

President to open 2nd Parly session

By Zvamaida Murwira President Mnangagwa will officially open the Second Session of the Ninth Parliament …

error: Content is protected !!