Mugabe Uses Presidential Powers to Legalise Bond Notes
President Robert Mugabe has side-stepped parliament to issue a decree clearing the way for the introduction of bond notes that are meant to ease biting cash shortages that have gripped the southern African nation.
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Zimbabwe:
Bond Notes Law Promulgated
The Herald, 1 November 2016
President Mugabe has gazetted Statutory Instrument 133 of 2016, which provides a legal framework for the introduction of bond notes as acceptable legal tender in Zimbabwe. SI 133… Read more »
Bond notes.
InFocus
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This follows a serious cash crisis which has worsened gradually since the country abandoned the local currency. Read more »
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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 ... Read more »