‘In practice, bond notes have rarely traded at 1:1 with the US dollar. On the black market, the rate can be as high as 4:1’
Decision is meant to stabilise the economy — but analysts are not convinced
Zimbabweans reflect on the anniversary of Mugabe’s resignation
Zimbabwe’s economy is in dire straits. President Emmerson Mnangagwa has promised to stabilise the economy ‘soon’ but not everyone is optimistic
Years of political instability and economic mismanagement under the rule of ZANU-PF have left Zimbabwe’s financial system in chaos
‘Bond notes were the government’s short-term answer to its long-term economic problems but now this is proving to be an expensive mistake’
