Zimbabwe, which has no currency of its own, is set to print “around October” its own versions of US dollar notes, called “bond notes,” to alleviate cash shortages. The bond notes, backed with a loan from the Africa Export-Import Bank, will have the same values as the corresponding denominations of US dollars.
Zimbabwe ceased printing the Zimbabwe dollar in 2009 after years of inflation made it nearly valueless. Since then, Zimbabwe has used the US dollar, South African rand, Indian rupee and Chinese yuan as official currencies.
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