RBZ readies $75m bond notes release

The Reserve Bank of Zimbabwe (RBZ) says it will introduce bond notes next month in denominations of $2 and $5, as it seeks to charm locals, who have been vocal against the move viewed as an attempt to re-introduce the hated local currency.

The bond notes, worth $75 million, would be in circulation by year end.

In May, RBZ governor John Mangudya said the bank would introduce bond notes worth $200 million under a facility guaranteed by the African Export Import Bank.

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