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Zimbabwe to Start Printing US Dollar Notes

Zimbabwe is set to start printing its own version of the US dollar in order to ease a cash shortage in the country.

According to Central bank governor John Mangudya, the cash, known as bond notes, will be backed by $200m (£140m) support from the Africa Export-Import Bank.

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He said the specially-designed two, five, 10 and 20 dollar notes will have the same value as their US dollar equivalents.

Mr Mangudya said the bank was still working on a design for the new notes, but they should be in circulation “within the next two months”, the Herald reports.

Zimbabwe introduced the US dollar after ditching its own currency in 2009 following sustained hyperinflation.

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Written by PH

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