RBZ in $5bln bonds issuance

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THE Reserve Bank of Zimbabwe (RBZ) issued savings bonds worth $4,99 billion in April to mop-up excess liquidity. The bank has been escalating open market operations (OMO) by aggressively mopping-up excess liquidity through the issuance of short-term savings bonds to support its conservative monetary targeting framework. In an update, the apex bank said reserve money…