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Zimbabwe: Central Bank to Inject More Bond Coins
The Source, 21 September 2017
Zimbabwe is moving to inject additional bond coins valued at $3 million into the local market, it has emerged. Read more »
Zimbabwe's Central Bank to Inject More Bond Coins
As the cash crisis worsens, the Reserve bank of Zimbabwe is moving to inject U.S.$3 million worth of additional bond coins to meet the demand for smaller denominations and end the current change crisis. The shortage of U.S. dollars forced the government to introduce bond notes giving them the same value as the U.S. dollar. The surrogate currency, however, has not been able to address the country's cash crisis.
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Zimbabwe: Finance Minister Chinamasa Grilled Over Black Market
The Herald, 21 September 2017
Finance and Economic Development Minister Patrick Chinamasa was yesterday taken to task by legislators over Government's inaction on the illegal sale of scarce cash on the black… Read more »
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Zimbabwe: Finance Minister Denies Black Market Exists
New Zimbabwe, 21 September 2017
Finance minister Patrick Chinamasa torched a storm in Parliament this Wednesday after he professed ignorance a bourgeoning black market where money is being traded at rates of over… Read more »
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Zimbabwe: Are We Ready to Become a Cashless Economy?
The Herald, 21 September 2017
Evidence from agricultural markets suggests a cashless economy requires a country to have reached a certain level of development. In Zimbabwe it seems a cashless economy is being… Read more »
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Zimbabwe: Bond Notes, Wholesaler 'Tuckshops' and Irregular Economy
The Herald, 20 September 2017
I moved around Harare CBD observing how people are making do (kukiya-kiya). I was perplexed at how quickly they have adjusted to the bond note economy. How they are trading with it… Read more »
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Zimbabwe: 'Economy Recovering Despite On-going Cash Crisis'
News24Wire, 11 September 2017
President Robert Mugabe reportedly told a Zanu-PF central committee meeting last week that the country's economy was now recovering despite an on-going cash crisis, says a report. Read more »
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Zimbabwe: Zimbabwe Central Bank Releases Another 300 Million Bond Notes - Report
News24Wire, 10 September 2017
As Zimbabwe's cash crisis worsens, the central bank will in the next two weeks release 300 million dollars' worth of new bond notes. Read more »
InFocus
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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 ... Read more »
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Government advisor Ashok Chakravarti 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 ... Read more »
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Finance Minister Patrick Chinamasa has reportedly refused to add more bond notes into the country's struggling market, insisting that an increase in exports is the only solution. ... Read more »
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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 ... Read more »
