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Zimbabwe to print own version of US dollar

Zimbabwe is set to print its own version of the US dollar in order to ease a cash shortage in the country.

Central bank governor John Mangudya said the cash, known as bond notes, will be backed by $200m (拢140m) support from the Africa Export-Import Bank.

Zimbabwe introduced the US dollar after ditching its own currency in 2009 following sustained hyperinflation. Since then Zimbabweans have been using the dollar as well as a number of other foreign currencies including the South African rand and the Chinese yuan.

The 麻豆社's Paul Bakibinga speaks to Mthuli Ncube, Professor of Public Policy at Blavatnik School of Government, University of Oxford, and former Chief Economist and Vice President of the African Development Bank.

Photo: AFP

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