Opposition’s court bid to block new currency fails

Zimbabwe’s highest court has thrown out an opposition bid to block the introduction of bond notes – a controversial equivalent to the US dollar – as the country battles its worst economic crisis since abandoning in own currency in 2009 to tackle hyperinflation. The Constitutional Court ruled that the challenge by Zimbabwe People First leader […]

Zimbabwe’s highest court has thrown out an opposition bid to block the introduction of bond notes – a controversial equivalent to the US dollar – as the country battles its worst economic crisis since abandoning in own currency in 2009 to tackle hyperinflation.
The Constitutional Court ruled that the challenge by Zimbabwe People First leader Joice Mujuru was “premature” and speculative”.
Bond notes worth $75m (£56m), in $2 and $5 denominations, would be introduced at the end of next month under the scheme.