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*Bond notes worth $175 million now in circulation: RBZ* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ws Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has revealed that the central bank has now released bond notes worth $175 million in an effort to counter cash shortages. This means that only $25 million is left from the $200 million Afreximbank facility. The apex bank lately released $15 million worth of bond notes to add to the $160 million bond notes which were reported in June. Speaking at the official opening of the Grant Thornton headquarters in Harare on Tuesday, Mangudya said: ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- > We have $175 million of bond notes and, as to our estimates, we have about $600 million of currency under the multi currency, which is in mainly United States dollars, in the market and that comes to around $800 million. > If you compare the $800 million dollars with the amount which is usable balances, bank balances that are usable as measured by real time gross settlement (RTGS) transactions, which is about $1,5 billion, if we divide $800 million by the $1,5 or $1,6 billion (RTGS) that is about 50%. > So, if you have more than 40% of cash within the economy versus the $1,5 or $1,6 billion of RTGS balances that is sufficient liquidity in the economy. The RBZ is in talks with Afreximbank to increase the amount of bond notes from the $200 million which was initially reported to have been agreed on. More: NewsDay itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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