‘Bond notes not the problem’. . .RBZ boss refuses to scrap surrogate currency

Oliver Kazunga, Senior Business Reporter RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday defended the use of bond notes saying the real cause of problems facing the economy was not the surrogate currency but ballooning electronic balances, which are not backed by productive fundamentals. Rejecting calls from legislators that bond notes be scrapped […]

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