Home  >>  News >> Economy >> 

Zimbabwe to Start Printing its Own Dollar Notes

Zimbabwe is ready to print its own version of the US dollar in order to ease a cash shortage in the country.


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

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

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

Since then Zimbabweans have been using the dollar as well as a number of other foreign currencies including the South African rand and the Chinese yuan.

By Robert Muriisa.

Follow Us on Facebook and Twitter

Leave your comment

Your Name

Your Email

Your comment

Close X