Thanks to the ever-vigilant Limbikani, we have been alerted to a story in yesterday’s The Herald, a paper we rarely read, let alone buy. According to the reporter, banks have been holding Rand coins because retailers, for obvious reasons, have been refusing to take them. LOCAL banks are set to return R8 million worth of coins to South Africa that they have been holding onto since last year because retailers
According to the Zimbabwe Independent, the Federal Reserve will now supply coins and replace soiled notes held by Zimbabwean banks.
For those of us who have been crying about the issue of change for months now, this will come as a welcome relief. As a caveat, the story contains no quotes or official statement from the Americans themselves, just Finance Minister Tendai Biti talking up the agreement, as if he needed to