Harare/Johannesburg — Zimbabwe’s central bank said it planned to sell bonds for citizens outside the country to invest in gold and tobacco output as it also introduced banking rules to encourage money flows and exports. The Reserve Bank of Zimbabwe would provide the market with more information on the diaspora bonds "in due course", it said in a February 13 circular to banks. The southern African nation was once the world’s second-biggest exporter of top-grade tobacco. Lenders must give exporters access to all the foreign currency they get from selling goods within 14 days of the funds being deposited, the bank said. Small, non-corporate exporters shipping more than $2,000 of goods no longer need to fill in certain forms, making business easier, the bank said, without saying what the prior, lower threshold was. The new policies and plans come three months after Robert Mugabe was toppled as president following 37 years in power and replaced by his former deputy, Emmerson Mnangagwa, w...
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