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The introduction of bond notes this week has begun the process of alleviating the cash crisis in Zimbabwe. Forget the rumour mongers and the naysayers, the general public has been receptive to the ...
As Zimbabwe continues to grapple with cash shortages with banks limiting daily withdrawals to as little as $80 per week, bond notes have flooded the Mozambican markets.
HARARE, Zimbabwe (AFP) — Zimbabweans know the risks of worthless money all too well after hyperinflation between 2007 and 2009 gave them the 100-trillion-dollar banknote that barely bought a ...
Zimbabwe has started printing bond notes back by U.S. dollars in a bid to ease a crippling cash shortage.
Zimbabwe launched a "bond notes" currency which held its value against the U.S. dollar on Monday, despite warnings that it could cause hyperinflation and suggestions it could bring down President ...
People burn worthless note bearers' checks during a protest against the introduction of new bond notes and youth unemployment, Harare, Zimbabwe, August, 3, 2016.
Apart from physical USD, the additional three components have acted to massively increase the money supply in Zimbabwe, broadly measured.
Earlier today we wrote on how tech can help Zimbabwe in both a short and long term sense in its current predicament of a USD cash shortage and new Bond notes that Zimbabweans are generally very ...
With no national currency since 2009, Zimbabwe launches dollar-backed bond notes to cope with cash crisis.
Zimbabwe has started printing bond notes back by U.S. dollars in a bid to ease a crippling cash shortage.
WASHINGTON — Zimbabwe’s troubled quasi-currency bond note, which according to the government was trading at the same rate as the United States dollar, had its peg dumped Wednesday as the country ...
Zimbabwe has started printing bond notes back by U.S. dollars in a bid to ease a crippling cash shortage.