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Zimbabwe: Mystery of U.S.$200 Million Bond Notes Facility
Zimbabwe Independent, 14 October 2016
THE International Monetary Fund (IMF) has professed ignorance over the existence of a US$200 million facility from the African Export Import Bank (Afreximbank) which the Zimbabwean… Read more »
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Zimbabwe: Central Bank Rules Out Adoption of Rand
The Herald, 14 October 2016
THE Reserve Bank of Zimbabwe deputy governor Dr Khupukile Mlambo said the country will not adopt the South African rand as its currency although the United States dollar has not… Read more »
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Zimbabwe: Govt Clueless On Economy
Zimbabwe Independent, 14 October 2016
IN his desperate defence of the introduction of bond notes, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya shocked the market when he told bankers and journalists attending… Read more »
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Zimbabwe: Cash Shortages Worsen As Nation Awaits Bond Notes
New Zimbabwe, 11 October 2016
Cash shortages in Zimbabwe are worsening as the introduction of bond notes - set for November - to stem the problem becomes imminent. Read more »
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Zimbabwe: Loathed Bond Notes Will Drive Out Good Money
Zimbabwe Independent, 7 October 2016
The chief root of Zimbabwe's recurring monetary problems is the age-old belief in the superstition that by excessive printing of money then lasting economic prosperity and possibly… Read more »
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Zimbabwe: 'There Is No Law to Back Bond Notes'
New Zimbabwe, 11 October 2016
SPEAKER of Parliament Jacob Mudenda has queried the logic behind the setting of dates for introduction into circulation of bonds notes before the enabling legislation has been… Read more »
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Zimbabwe: Bond Notes Spark Panic Withdrawals
Zimbabwe Standard, 9 October 2016
PANIC cash withdrawals, sparked by fears over the impending introduction of bond notes by the Reserve Bank of Zimbabwe, have affected many banks in the country, with most of them… Read more »
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Zimbabwe: Bankers Divided Over Bond Notes
Financial Gazette, 6 October 2016
Zimbabwe's banking sector is deeply divided over bond notes, despite public appearance of unity over the planned introduction of the domestic currency, the Financial Gazette can… Read more »
Did Zimbabwe Govt Lie Over Bond Notes Facility?
The International Monetary Fund has allegedly denied the existence of a U.S.$200 million facility from which the Zimbabwean government claims will be used to back soon-to-be-introduced bond notes.
InFocus
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The country has run out of U.S. dollars and hopes to ease the cash crunch by printing bond notes. Read more »
