Tag: Economy

Bond notes: Zimbabwe’s answer to cash woes?

Bond notes: Zimbabwe’s answer to cash woes?

It was still not clear on Tuesday whether the introduction of a new currency, bond notes, would stave off the collapse of Zimbabwe’s fragile economy. Zimbabwe is so short of cash it cannot afford many key imports, and civil servants have been paid late every month so far this year. […]

Mood gets grimmer in Zimbabwe over Mugabe, diving economy

Mood gets grimmer in Zimbabwe over Mugabe, diving economy

In Zimbabwe’s capital, a man fills two drums with gasoline at a station that still accepts electronic payments in a country where many vendors demand cash, a sign of the economy’s vulnerability. “I have to stock up. There won’t be any fuel by the time we reach Christmas,” said Fadzai […]

Zimbabwe lawyers take Mugabe to court over bond notes law

Zimbabwe lawyers take Mugabe to court over bond notes law

Zimbabwean human rights lawyers asked the High Court on Tuesday to strike down a decree by President Robert Mugabe allowing the introduction of “bond notes”, which have raised fears of a return to a local currency. Mugabe used his presidential powers on Oct. 31 to amend the Reserve Bank of […]

Zimbabwe Bond Notes Are Now Ready, Will Be Released Soon

Zimbabwe Bond Notes Are Now Ready, Will Be Released Soon

Despite persistent rumours of delays, Zimbabwe’s Central Bank chief says bond notes are now ready and will be released into the market at the end of this month. John Mangudya insists the notes are for the good of the economy, but many Zimbabweans are opposed to them. Mangudya still insists […]