Bloomberg Zimbabwe’s central bank is preparing to release new Z$2 ($0.13) and Z$5 banknotes that will come into circulation this month after a decade-long absence, according to a release in a government gazette. Since the reintroduction of the Zimbabwe dollar as the sole legal tender in June, transactions have been conducted in bond notes and coins, which, until February, had ...

Bloomberg The International Monetary Fund’s(IMF) executive board completed a sixth review of Sri Lanka’s economic performance, enabling the disbursement of about $164 million in supporting funds. This brought total disbursements under the Extended Fund Facility arrangement to about $1.31 billion, the IMF said in a statement dated November 1 on its website. Sri Lanka’s economy is gradually recovering from the ...

Bloomberg A former Citigroup Inc currency trader told a jury that he plotted with rivals at other banks in chat rooms, on the phone and at social gatherings to rig currency trades while their customers were led to believe they were actually competing with each other. “The purpose was to try to make more money trading,” Christopher Cummins testified in ...