More bond notes coming

THE Reserve Bank of Zimbabwe (RBZ) will soon release $300 million worth of bond notes into the market under a new facility secured from the Africa Export and Import Bank (Afreximbank) to ease the cash shortages the country is experiencing.

The move, which will bring the total bond notes in circulation to about $500m, comes at a time the apex bank has already released $175m of the $200m secured from the same
bank in May last year.

Presenting the mid-year monetary policy yesterday, RBZ governor, John Mangudya said once concluded, bond notes would be drip-fed into the market.

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