Zimbabwean opposition Movement for Democratic Change (MDC) party leader Morgan Tsvangirai has called on President Robert Mugabe's administration to adopt the South African rand as its major trading currency amid cash shortages in the southern African country.
Zimbabwe introduced a surrogate currency called "bond notes" this week on Monday to avert a cash crisis that has resulted in the majority of Zimbabweans failing to access their money from local banks. The country's central bank governor John Mangudya said the bond notes were backed by a $200m Africa Export Import Bank loan facility.
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