When Will The Zimbabwean Govt Admit The Bond Notes Have Flopped?
The central bank has urged for the replacement of the U.S. dollar with the South African rand as the country's main currency. The shortage of U.S. dollars forced the government to introduce the local bond notes giving it the same value as the U.S. dollar. The surrogate currency, however, has not been able to address the country's cash crisis.
South African rand.
News24Wire, 27 March 2017
Cash-strapped Zimbabwe is trying to stop banks importing high-denomination US dollar bills - and that means you shouldn't see $100 notes in banks or supermarkets, state media is… Read more »
Financial Gazette, 16 March 2017
INTERNATIONAL airlines have been caught up in Zimbabwe's foreign payments gridlock and are failing to repatriate close to US$30 million locked in domestic banks, the Financial… Read more »
Zimbabwe: Central Bank Should Act
Financial Gazette, 23 March 2017
LAST week, we reported that international airlines flying into the country had nearly U.S.$30 million from air ticket sales locked in the country because banks could not raise… Read more »
News24Wire, 24 March 2017
Cash, card or BOND? Read more »
As President Robert Mugabe's government is threatening to prosecute businesses rejecting payments in bond notes, reports have emerged that the immigration department is doing the ... Read more »