Turkmenistan (EAN) – Turkmenistan has a plan to fix its ever-troubled domestic currency, the manat – and that plan is to dispense with cash as much as possible. The desire to go cash-free is being spun as a nod to economic…
Parliament rushes through law in anticipation of bond note introduction
Zimbabwe’s controversial “bond notes” currency, which will be introduced at the end of the month, will be protected by hefty prison sentences.
According to a new law: “Any person who engraves, soils or makes any words, figures, letters or marks, line or devices which resembles in whole or in any part the said bank note is liable to an imprisonment for a period not exceeding seven years,” reads a press release from Parliament.
There has been much vocal opposition and many protests against the introduction of the surrogate currency.