LAST week the Reserve Bank of Zimbabwe (RBZ) announced that the Special Tradable Gold Bonds, which were due to mature on Monday this week, are to be "rolled over" for a further six months.
That announcement was not of great surprise to the holders of the bonds for it has been widely-known for an extended period of time that RBZ is in financial problems. Nevertheless, the failure to redeem the bonds on time is tragic, with cataclysmic consequences.
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