Reserve Bank of Zimbabwe governor John Mangudya has called on Zimbabweans to embrace plastic money as the $5 bond note is only coming in March and it will be released gradually like he did with the $2 note.
The bank is using a cautious approach to release new notes to avoid a flood which could fuel the black market.
So far the bond note has stood its ground against the United States dollar.
The introduction of the bond notes in November last year was greeted with a lot of sceptism as most people feared that this would fuel hyperinflation.
(71 VIEWS)
This post was last modified on January 15, 2017 5:41 am
Britain says amendment of the Zimbabwe constitution is a sovereign, legislative matter for Zimbabwe to…
It is now 47 years since I wrote the short story below for a South…
Zimbabwe has released its 2026 monetary policy statement in which it seeks to stabilise its…
Far from it, on paper that is. Ignatius Chombo was one of the longest serving…
Zimbabwe on Thursday announced a ZiG290.9 billion budget with revenue expected to be ZiG287.6 billion,…
The International Monetary Fund says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated…
