The Bond-USD rates are ever-increasing and with them a demand for higher dimensions of the bond note.
The Reserve Bank Of Zimbabwe (RBZ) is set to release a 100 dollar bond note. A document is in circulation about the features that it will have. This development comes after RBZ announced new regulations by the Monetary Policy Committee to curb inflation.
The features include a watermark of the Zimbabwean bird and it will be brown in colour.
The release of the new note is a reflection of just how bad the inflation in Zimbabwe is. The note will not be able to buy you USD1. Some people have expressed in their comments on social media that they fear this path will end in bigger notes being printed with time and landing back in the terrible situation we were in back in 2008.
History is repeating itself. Yesterday RBZ effectively introduced the Bank forex rate, and now higher currency denomination. With the parallel rate projected at RTGS500 to US$1 and annual inflation at over 100 by year end, even higher denominations are bound to be introduced.
— John Gadzikwa (@jgadzikwa) April 6, 2022