The value of bond notes significantly went down in December last year due to the high demand for foreign currency for payment of externally sourced goods and services.
ZIMBABWE’s government could introduce a new currency in three years, or within a maximum of five years, according to researchers at advisory firm, IH Securities, who also forecast gross domestic product to rise by 3,8% in 2018.
If achieved, the 3,8 percent would be a significant surge from last year’s 1,7 percent and is expected to be underpinned by a rise in foreign direct investment (FDI) inflows to be unlocked through improved policies being rolled out by the country’s pro-business new administration.