Zimbabwe: 'Let Market Determine Bond Note Value'

Zimbabwean monetary authorities should let the market determine the true value of the bond note currency to curb its externalisation and in turn reduce cash shortages, a leading economist has said.

Zimbabwe introduced the surrogate currency last year backed by a $200 million Afrexim Bank facility, principally to ease a bank note shortage of the multi-currency mix adopted for local trading in 2009.

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