Reserve Bank of Zimbabwe to launch parallel currency to alleviate dollar shortage
By BERNARD MPOFU and GABRIELE STEINHAUSER
Updated Nov. 26, 2016 1:35 p.m. ET
The Wall Street Journal
Zimbabwe’s central bank said it will start issuing on Monday $10 million in so-called bond notes, a parallel currency meant to alleviate a severe shortage of U.S. dollars in the country.
Anger over the impending introduction of the bond notes—which many Zimbabweans fear are a first step toward reissuing a national currency—has been boiling in recent months, erupting in some of the biggest antigovernment protests the country has seen in years. That has added to concerns over the political stability in this southern African...
The Wall Street Journal
Zimbabwe’s central bank said it will start issuing on Monday $10 million in so-called bond notes, a parallel currency meant to alleviate a severe shortage of U.S. dollars in the country.
Anger over the impending introduction of the bond notes—which many Zimbabweans fear are a first step toward reissuing a national currency—has been boiling in recent months, erupting in some of the biggest antigovernment protests the country has seen in years. That has added to concerns over the political stability in this southern African...