Zimbabwe: Germany Refuses to Print Bond Notes

A German company which specialises in the printing of banknotes, Giesecke and Devrient, has rejected Zimbabwe's request to print bond notes for the cash-strapped Treasury, prompting the desperate government to turn to neighbouring South Africa and other countries for help.

As the confusion surrounding the introduction of the surrogate currency reigns supreme, questions have been raised on the legality and terms of a US$200 million African Export and Import Bank (Afreximbank) facility purportedly backing the bond notes.

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