Zimbabwe Releases $15m Worth of New $5 Bond Notes

Zimbabwe Releases $15m Worth of New $5 Bond Notes

By Godfrey Marawanyika
(Bloomberg) — Zimbabwe’s central bank has released $15m worth of $5 bond notes to ease currency shortages and increase exports, Central Bank Gov. John Mangudya said in a telephone interview.

  • Brings total to $87.9m, which is 77.9% of the aggregate value of export incentive scheme, Mangudya said
  • Zimbabwe first released $2 bond notes late last year; bond notes are at par with USD
  • Banks have limited daily withdrawal limits to $60-$100

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