Zimbabwe launches new currency to ease cash crunch

‘The Reserve Bank of Zimbabwe has introduced a national currency for the first time since 2009 in an attempt to tackle a sharp shortfall of the US dollar, the country’s primary medium of trade.
The new currency, called bond notes, is pegged at par with the US dollar and is backed by a $200 million bond facility with Afreximbank, according to the regulator.
An initial amount worth $10 million is going into general circulation in two and five dollar denominations. The circulation of the dollar will not be suspended.’
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