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RBZ mulls more bond coins

by Staff reporter
30 Oct 2015 at 07:23hrs | Views

Zimbabwe could be forced to mint hundreds of millions worth of bond coins to meet the demand for smaller denominations and end the current change crisis, a Reserve Bank official has said.

If the current confusion arising from continued devaluation of the South African rand against US dollar persist, Zimbabwe could be forced to mint more bond coins to meet growing demand for the bond backed currency as consumers ditch the South African Rand coins whose value continues.

Source - Zim Ind
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