SI-231-of-2019-RBZ Bond notes to be gradually removed from circulation Harare (New Ziana) – Bond notes and coins will continue being used as legal tender in Zimbabwe for a limited period of time alongside the new Zimbabwe dollar notes which are being put into circulation this month, a senior government official has said.…
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An impeccable but unconfirmed source informs me that Zimbabwean banks have very recently blocked the use of Zimbabwean-issued cards in other countries. In effect this means there is nothing left in the country’s escrow account. Zimbabwean banks (including the RBZ) are invited to comment further: RBZ States That Standard Chartered Bank…
Zim supermarkets reject new bond notes in early trade Nov 28 2016 14:13 Memory Mataranyika Harare – Zimbabwean supermarkets rejected the newly-introduced bond notes in early trade on Monday, despite banks offering the local currency to depositors and excitement on the streets of Harare.The Reserve Bank of Zimbabwe (RBZ) introduced the bond notes to the…
By Walter Muchinguri in Victoria Falls The $200 million worth of bond notes that will be used to incentivise exporters will be printed in Germany, a Reserve Bank of Zimbabwe official has said. Reserve Bank of Zimbabwe governor John Mangudya RBZ director for exchange control Mr Morris Mpofu told delegates to the Chamber of Mines…
PRESS STATEMENT MEASURES TO DEAL WITH CASH SHORTAGES WHILST SIMULTANEOUSLY STABILISING AND STIMULATING THE ECONOMY By DR. J.P. MANGUDYA GOVERNOR 4 MAY 2016 STATEMENT OF THE CASH SHORTAGES CHALLENGE 1. The shortage of USD cash in the country as evidenced by queues at some banks and automated teller machines (ATMs) is attributable to a number…