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Zimbabwe: Bond notes stir uncomfortable memories

Mark CaldwellAugust 3, 2016

Zimbabweans have been unsettled by plans to introduce bond notes, fearing it could lead to the rampant printing of money as happened in 2008 when inflation rose to astronomical rates.

Simbabwe Inflation
This 50 billion Zimbabwean dollar note is a relic of the 2008 hyperinflationImage: AFP/Getty Images

Protestors were planning to take to the streets of Harare, Zimbabwe on Wednesday to demonstrate against the introduction of bond notes as a surrogate currency to make up for a shortage of cash and foreign currency. DW asked independent development economist Prosper Chitambara for his assessment of the move by the Zimbabwean central bank.