TV Schedule

Zimbabwe bank issues $500m note

  2. stone246
  3. related topics
The central bank has issued a 500m Zimbabwe dollar banknote, worth US$2, to try to ease cash shortages amid the world's highest rate of inflation.The previous highest denomination note was for Z$250m, issued 10 days ago.Meanwhile, the opposition has rejected the move to delay the presidential run-off, possibly until July, saying it was a government ploy to stay in power.It called for an emergency regional summit, urging neighbouring countries to take "firm resolutions".Movement for Democratic Change (MDC) leader Morgan Tsvangirai gained more votes than President Robert Mugabe in the first round on 29 March, but did not pass the 50% threshold to be elected, according to the official results."We would like to express our great outrage at that disregard of Zimbabwe's laws and the people's will," MDC Secretary General Tendai Biti told a news conference in South Africa. Next up a10 million Zimbabwe dollar banknote..
stone246

Add your response

Login/Registration is required to add a response.