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Treasury issues $110m bonds to capitalise RBZ

HARARE – Treasury has issued $110 million eight-year bonds to raise funds to capitalise the Reserve Bank of Zimbabwe (RBZ), Finance minister Patrick Chinamasa has said. This comes as the central bank has been failing to perform the key role of lender-of-last-resort since 2009 after government ditched the inflation-ravaged local dollar to adopt a multi-currency…

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