Zim supermarkets reject new bond notes in early trade

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Harare – Zimbabwean supermarkets rejected the newly-introduced bond notes in early trade on Monday, despite banks offering the local currency to depositors and excitement on the streets of Harare.

The Reserve Bank of Zimbabwe (RBZ) introduced the bond notes to the market on Monday and banks started distributing them through formal channels. The banks were offering mostly $2 notes (in bond notes) and $1 (in bond coins), with the new currency supposed to have equal value to the US dollar.

READ: Zim introduces bond notes at last

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