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German company which printed the worthless Zim dollar, rejects Zimbabwe’s request to print the controversial bond notes.
The financial situation in a broke Zimbabwe is in chaos after negotiations between the fired Zimbabwe Vice President Joice Mujuru and the Reserve Bank of Zimbabwe , designed to halt the Zimbabwe People First leader’s court action against Reserve Bank of Zimbabwe in order to block the introduction of the controversial bond notes fell through.
The introduction of controversial bond notes due in November 2016 has been thrown into further disarray after, according to reports reported that a German company, identified in the media as Giesecke and Devrient , which previously printed the worthless Zimbabwe dollar during the 2008 hyperinflation era, has rejected the broke Mugabe’s Zanu pf regime’s request to print the controversial bond notes.
Panicking Zimbabwe government officials are desperate seeking alternative printers in South Africa and neighbouring countries, while the The Reserve Bank of Zimbabwe governor John Mangudya is said to have arrived in Germany. To the ‘Discerning eye, newzimbabwevision, John Mangudya is trying to save face by begging Germany in person to print the bond notes
. More news to follow,..by Sibusiso Ngwenya .