Zimbabwe releases 29 mln bond notes since introduction: central bank

HARARE,– Zimbabwe has so far released bond notes worth 29 million U.S. dollars into the market since their introduction on Nov. 28, the country’s central bank said Tuesday.

The Reserve Bank of Zimbabwe said in a statement that it was pleased with the smooth circulation of the notes.

It also doubled daily withdrawal limit of the notes to 100 per day or 300 per week to make it easy for the public to transact during the festive season.

The central bank said all tobacco growers who sold their tobacco this year had now been paid 5 percent of their export incentive through the bond notes.

The bond notes, backed by a 200-million-U.S.-dollar facility from African Export-Import Bank, were introduced to address cash shortages which began early this year.

They are trading at par with the U.S. dollar, the main currency circulating in the economy after the country adopted multiple currencies in 2009.

The central bank said a total of 6.2 million bond notes had so far been deposited by the public at banks as at Dec. 16, adding that the notes would go a long way in mitigating the cash shortages.

“Bond notes shall fortuitously and subserviently go a long way to mitigate cash shortages within the economy. Clearing of cash queues at banks can never be an overnight event. It is a process,” the central bank said.

Share this:

Arts & Entertainment

50 Trackbacks & Pingbacks

  1. Standard Chartered appoints Ghanian as its Southern Africa CEO – 263AfricaNews
  2. Google
  3. MBCA FY profit falls 3pct - Zimbabwe Consolidated News
  4. free download for pc
  5. app download for windows 8
  6. Fixed ROM
  7. best of 100% kona
  8. pc games for windows 7
  9. pc games for windows xp
  10. clitoral vibrators
  11. miniclip
  12. app download for windows 10
  13. extension sleeve
  14. Best Butt Plugs
  15. apps download for pc
  16. Rabbit vibrators
  17. convergys work at home
  18. Chaga Pilz
  19. Vibrator Sex Toy
  20. cheap A/C
  21. mulvadi kona coffee beans
  22. 200-046 Certification Dumps
  23. มะละกอ
  24. work at home 2018
  25. Διακόσμηση
  26. peru tours
  27. vibrator
  28. payday loans
  29. buy rabbit vibrator
  30. Stroker Kit
  31. Rechargeable Rabbir Vibrator
  32. Magic Massager
  33. NMB FY profit falls 8pct – 263AfricaNews
  34. Download 200-047 Certification Dumps
  35. Search Engine
  36. over ear headphones
  37. buy real youtube views
  38. microfon spion
  39. smm panel
  40. silicone rabbit
  41. rabbit vibrator
  42. Where to Buy Phentermine
  43. adult
  44. perspex dining chair
  45. full version pc games download
  46. 福井脱毛
  47. 福井脱毛
  48. Site sparkfun: Invalid
  49. work at home jobs free to start
  50. sex toys

Leave a Reply

Your email address will not be published.


*