Zimbabwe to introduce Z$750,000 banknote
Zimbabwe's central bank on Wednesday announced the introduction of higher denomination of banknotes to help end a cash crunch that has seen people besieging banks. Central bank governor Gideon Gono said in a televised speech that the Z$200,000 bill...
Fed pumps $20b into the market
The United States Federal Reserve said Wednesday it auctioned US$20 billion in a special operation to thaw credit markets at an interest rate of 4.65 per cent, a higher-than-expected rate that suggested banks were eager to pad their cash reserves....
|
