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For the most part, as its balance sheet shows, they take the form of simple banknotes or the deposits that commercial banks hold at the central bank.The franc, like all fiat money, is not backed by anything tangible.
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It remains to be seen whether a simple change of banknotes can bring closer these two countries that comprise our reality, these two dimensions.
Above all the country has a booming private sector, self-regulating and helped by the country's simple monetary policy (no one can print banknotes).
Zimbabwe's people need huge sums of money to carry out even simple transactions as inflation soars, and new banknotes issued by the central bank in denominations of $1 million, $5 million and $10 million did not immediately relieve the country's cash shortage as long lines persisted at banks.
No legal contracts are involved, and recipients are given only a code number or simple token, such as a low-value banknote torn in half, to prove that money is due.
Banknotes pay zero interest.
-I pay 5 banknotes.
At banknotes, I snap.
"Our banknotes are more beautiful than euro banknotes," he said.
Banknotes range from 5 to 5,000 rupees.
(2) For buying forged banknotes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com