Cash-Strapped Zimbabwe to Print More Money

Zimbabwe is more than doubling its issuance of bond notes, a domestic quasi-currency, to U.S.$500 million, the Central Bank Governor John Mangudya has said, stoking fears of a slide towards the rampant money-printing and hyperinflation of a decade ago. The shortage of U.S. dollars last year forced the government to introduce the local  bond notes, giving it the same value as the U.S. dollar.

Harare CBD.


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