Wednesday 19 December 2018
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businessdaily - 5 month ago

Bond notes are here to stay

RESERVE Bank of Zimbabwe governor John Mangudya says the country s surrogate currency, the bond note, will be around for the foreseeable future.Zimbabwe introduced bond notes in 2016 to ease an acute cash crisis in the country. The bond, which operates together with the multi-currency system that was introduced in 2009 has, however, failed to hold its own as it is fast depreciating against the Uni...

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