News:RBZ To Introduce Bond Notes End Of October

<vote /> Presenting his mid-term monetary policy statement today, Reserve Bank of Zimbabwe governor John Mangudya said the central bank will start with $2 and $5 notes. The central bank plans to introduce the bond notes in a bid to ease the shortage of bank notes blamed on externalisation by foreign and local traders.

Zimbabwe adopted a multi-currency system in 2009 but the US dollar became the main trading currency over the years due to the instability of other currencies against the US dollar.

More to follow on the midterm monetary policy review...