Business / Economy
50 cent bond coins to be introduced next week
24 Mar 2015 at 12:53hrs | Views
The Reserve Bank of Zimbabwe (RBZ) is set to avail a 50 cent bond coins next week to complement the already smaller units.
Late last year, the RBZ injected minted coins imported from South Africa in denominations 1 cent, 5 cents, 10 cents and 25 cents.
Bulawayo24 News understands that the coins will be in circulation from 31st of March.
The government says the introduction of these coins is aimed at solving the problem of change in most shops where customers are forced to accept sweets or ballpoint pens.
There is still fear and apprehension that the coins signal the return of the loathed Zimbabwean dollar, the local currency many associate with sad memories of the country's economic decline which saw inflation reaching 230 million percent.
During that time the country introduced more than 50 different notes, including a Z$100 trillion note.
In rural areas they have been reports that people had not yet embraced bond coins
Late last year, the RBZ injected minted coins imported from South Africa in denominations 1 cent, 5 cents, 10 cents and 25 cents.
Bulawayo24 News understands that the coins will be in circulation from 31st of March.
There is still fear and apprehension that the coins signal the return of the loathed Zimbabwean dollar, the local currency many associate with sad memories of the country's economic decline which saw inflation reaching 230 million percent.
During that time the country introduced more than 50 different notes, including a Z$100 trillion note.
In rural areas they have been reports that people had not yet embraced bond coins
Source - Byo24News
