Afreximbank US dollar facility never backed bond notes, Zim dollar: Mushayavanhu

LIVINGSTONE MARUFU   Dr. John Mushayavanhu, the new governor of the Reserve Bank of Zimbabwe (RBZ), astonishingly disclosed on Thursday that, contrary to earlier claims, the bond notes and the Zimbabwe dollar were never backed by the US dollar bond facility with Cairo headquartered African Export-Import Bank (Afreximbank). This is a stark contrast to the assertions made …