RBZ to print $400 Million in Bond Notes – report

The Reserve Bank of Zimbabwe is set to print $400 million dollars (bond notes) to be pumped into the economy following the re-introduction of the Zimbabwe Dollar on Tuesday through the promulgation of Statutory Instrument 242 of 2019. A report by New Zimbabwe says:

About 400 million bond notes are expected to hit the market with Mangudya assuring the nation that the central bank will keep the printing machine to a level that will not cause devaluation.

More to follow…