RBZ says it won’t flood the market with bond notes to avoid causing inflation

The Reserve Bank of Zimbabwe has said that it will not flood the market with bond notes to avoid causing inflation.

RBZ governor, Dr John Mangudya told business executive on Wednesday that the bond notes will be released into the market slowly. He said,

We are not just going to flood the market with bond notes. We are going to be drip-feeding to ensure that we do not cause inflation. We are not careless. We are there to make sure the economy stabilises and we need to support industry and consumers.

About $75 million in bond notes is expected to be in circulation by the end of this year.

More: Herald

 

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