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Zimbabwe launches new bond notes

Zimbabwe has launched its new "bond notes" currency which held its value against the U.S. dollar on Monday. This was introduced despite warnings that it could cause hyperinflation and suggestions it could turn the people against President Robert Mugabe.

The bright green bond notes, introduced by the southern central bank of the nation to try to ease a shortage of dollars, were accepted as legal tender by most businesses, along with black- market traders.

Keeping on parity with the dollar so far has provided some relief to many Zimbabweans who feared the notes would rapidly lose value as inflation occurred. Whether that happens or not awaits to be seen.

Source: in.reuters.com
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