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Withdrawal Limit $1 000, €1 000 & R20 000 And ($2, $5, $10 &$20 Bond Notes Introduced, To Ease Cash Crisis

Posted on May 5, 2016May 5, 2016 by newzimbabwevision

ZIMBABWE will soon introduce bond notes valued at $200 million among several other measures designed to ease an acute shortage of cash, amid fears the move was a subtle way of bringing back the long-discarded Zimbabwe dollar through the backdoor. Announcing the new policy measures, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said the new Zimbabwe bond notes would be in denominations of $2, $5, $10 and $20 and would be introduced in two…