Zimbabwe set to introduce its representation currency
Zimbabwe’s President Robert Mugabe addresses civillians on the outskirts of the capital Harare . PHOTO | FILE
What you need to know:
The Reserve Bank of Zimbabwe (RBZ) announced on Saturday that local banks would start dispensing the bond notes while a law was still being debated by Parliament to make them legal tender.
Clients would be limited to withdrawals of $150 a month, RBZ said.
“The bond notes will be released into the market through normal banking channels in small denominations of $2 and $5,” the RBZ said in a statement.
