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
-
BoG GHS15.6bn loss: Yesterday’s whistleblowers have become today’s defenders – Oppong Nkrumah
2 hours -
Saudi Arabia to stop funding LIV Golf next season
2 hours -
Oil price hits highest since 2022 after report Trump to be briefed on new Iran options
3 hours -
Adamus Resources Ltd sets record straigh on illegal mining allegations
3 hours -
Man sentenced to death for murder of toddlers at Ugandan nursery
3 hours -
Meta in row after workers who say they saw smart glasses users having sex lose jobs
3 hours -
Arhinful calls for patience and support for Ayew ahead of World Cup
3 hours -
Zanetor Rawlings elected 2nd Vice President of Pan-African Parliament
4 hours -
GIFEC disburses 350 laptops for One Million Coders Program in Upper West Region
4 hours -
2025 BoG GH¢15.7bn loss was a peak, future results expected to improve – Atta Issah
4 hours -
Photos: How fire destroyed everything in the Akosombo GRIDCo Substation control room
4 hours -
Embrace skills training for successful reintegration – YEA HR Director urges inmates
4 hours -
BoG’s GH₵15bn loss does not affect monetary policy – Majority
4 hours -
Minority accuses Majority of attempting to “shift public perception” ahead of BoG’s GH¢15bn publication
4 hours -
Kick Nation secures Ipswich Town trial for Ghanaian youngster Philip Frimpong
4 hours