PARALLEL CURRENCY: Reserve Bank of Zimbabwe Issues Bond Notes

Posted on 11/29/2016

Zimbabwe is encountering a wide-spread U.S. dollar cash crunch. The Reserve Bank of Zimbabwe, the country’s central bank, announced on November 28, 2016, they issued US$ 10 million in bond notes, creating a controversial quasi-currency to placate citizen frustrations. These will be in denominations of $5 and $2 bond notes and $1 bond coins. The […]

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