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Banknotes dated 1980 bore Salisbury as the name of Zimbabwe's capital, which renamed itself to Harare on 18 April 1982: $5, $10 and $20 notes dated 1982 and later bore the updated name, but early batches of $10 notes dated 1982 erroneously bore the capital's old name. There were no $2 notes dated 1982: those dated 1983 and later had the updated ...
Zimbabwean bond notes were a form of banknote in circulation in Zimbabwe. Released by the Reserve Bank of Zimbabwe, the notes were stated to not be a currency in itself but rather legal tender near money pegged equally against the U.S. dollar. In 2014, prior to the release of bond notes, a series of bond coins entered circulation. [1]
Mutapa Investment Fund, formerly known as the Sovereign Wealth Fund of Zimbabwe is a Zimbabwean sovereign wealth fund formulated by the Sovereign Wealth Fund Act (Chapter 22:20). [2] It was renamed after the re-election of Emmerson Dambudzo Mnangagwa as the president of Zimbabwe , doing so by using Statutory Instrument 156 of 2023. [ 3 ]
The ZiG notes are made from cotton paper, have the Zimbabwe Bird as their watermark, and are all equal in size, measuring 155 mm × 65 mm (6.1 in × 2.6 in). According to a NewsDay article dated 31 May 2024, Governor John Mushayavanhu said that the Reserve Bank of Zimbabwe will not introduce 50 or 200-ZiG notes anytime soon as it fears that the ...
In November 2016 backed by a US$200 million Afreximbank loan the Reserve Bank of Zimbabwe began issuing $2 bond notes. [4] Two months later US$15 million worth of new $5 bond notes were also released. [5] Further plans for $10 and $20 bond notes were ruled out by the central bank's governor, John Mangudya. [6]
Due to non-payment of arrears, lending was suspended after 2000, but the World Bank has remained involved using non-lending instruments and trust funds. [4] Zimbabwe's debt to the World Bank currently values at $1.5 billion, and $1.3 billion of that is debt in arrears. [4] The front of the paper Zimbabwe dollar, which circulated from 1980 and 1982.
Trust funds are earmarked for specific programs and purposes in accordance with a statute that designates the fund as a trust. Its statutory designation distinguishes the fund as a trust rather than a special fund. The Highway Trust Fund is an example of trust funds. [51]
Investment trust shares are traded on stock exchanges, like those of other public companies. The share price does not always reflect the underlying value of the share portfolio held by the investment trust. In such cases, the investment trust is referred to as trading at a discount (or premium) to NAV (net asset value). [2]