Zimbabwe to print substitute US dollars as cash runs out

[WorldNews]

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Zimbabwe said Thursday it will introduce next month "bond notes" equivalent to the US dollar, sparking fears of a return to the hyperinflation that wrecked the economy several years ago. The southern African nation, led by authoritarian President Robert Mugabe, adopted the US dollar and South African rand in 2009 after inflation -- which peaked at 500 billion percent -- rendered the local dollar worthless. A wave of protests has shaken Mugabe's regime this year, with "No to bond notes" among the regular slogans expressing grievances against the government amid a worsening economic crisis.

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