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Published On: Wed, Jul 12th, 2017

Mugabe to dish out more bond notes as cash shortages bite

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HARARE,(Reuters) – Zimbabwe’s Reserve Bank is looking to increase the amount of domestic “bond notes” in circulation beyond an initial $200 million cap, its governor said on Wednesday, as the economy continues to grapple with shortages of U.S. dollars.

“We are in the process of negotiating those facilities and then we’ll come back to yourselves after we have made significant progress,” John Mangudya told reporters on the sidelines of a lecture at the University of Zimbabwe.

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