Audio By Carbonatix
Zimbabwe is set to print its own version of the US dollar in order to ease a cash shortage in the country.
Central bank governor John Mangudya said the cash, known as bond notes, will be backed by $200m (£140m) support from the Africa Export-Import Bank.
The two, five, 10 and 20 dollar notes will have the same value as their US dollar equivalents.
Zimbabwe introduced the US dollar after ditching its own currency in 2009 following sustained hyperinflation.
Since then Zimbabweans have been using the dollar as well as a number of other foreign currencies including the South African rand and the Chinese yuan.
But the governor stressed that this was not the first step on the way to reintroducing the defunct currency, the Zimbabwe Herald newspaper reports.
Mr Mangudya also introduced a number of other measures to steer people away from using US dollar cash.
He wants to encourage people to make greater use of the rand since a large portion of Zimbabwe's trade is with South Africa.
The central bank brought in so-called bond coins of one, five, 10 and 25 cents, pegged to the US dollar in 2014.
Mr Mangudya said the bank is still working on a design for the new notes, but they should be in circulation "within the next two months", the Herald reports.
Latest Stories
-
Joy FM Back-to-School Fair gains momentum as Day Two gets underway
8 minutes -
Bright Simons fires back, rejects claims he used AI to critique SIGA report
18 minutes -
SIGA did not conjure or manufacture figures – Prof Kpessa-Whyte
38 minutes -
Government just put a spin on SIGA report – Miracles Aboagye
49 minutes -
Big Chef Season 5: Two contestants face exit in Jollof Challenge
1 hour -
SIGA’s ‘massive turnaround’ claim not borne out by data – Bright Simons
1 hour -
Nhyiaeso Chief assures support to end encroachment on utility corridors in Kumasi
1 hour -
Two lorry station masters arrested over alleged plot to kill creditor over ₵91k debt
2 hours -
SIGA’s claim on highest audited proportion inaccurate – Bright Simons
2 hours -
Money bouquets, spraying and dancing on cash unlawful – BoG warns
2 hours -
Sam George pushes for nationwide 4G upgrade of rural telephony sites
2 hours -
Local Government Ministry to support MMDAs to deliver gov’t agenda
2 hours -
At least five killed in Sudan’s South Kordofan in attack by rebel group
3 hours -
“Music is so stressful” – Headless YouTuber on why he won’t return
3 hours -
Cleveland police chief proud of force but being ‘let down’ by funding
3 hours