THE Confederation of Zimbabwe Retailers (CZR) says the introduction of bond notes will enhance business operations and ease foreign exchange pressures.
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya earlier this month announced proposals to introduce bond notes in two months time, which are backed by a $200 million facility from the Afrexim Bank.
The move is expected to curb externalisation of money with reports indicating close to $2 billion was smuggled out of the country last year alone.About $1,2 billion of that money was externalised by corporates.

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