The Harare High Court has revoked a ban by the Reserve Bank of Zimbabwe (RBZ) preventing cryptocurrency exchanges from accessing banking services. The default ruling was made after the bank failed to show up in court for the case proceedings.

Zimbabwe’s government has released more money into the market in order to deal with economic and financial problems affecting the country.

The Reserve Bank of Zimbabwe (RBZ) will this week release a second tranche of bond notes worth $7 million, as it pushes ahead with the currency.

Zimbabwe on Monday added a new "surrogate" currency to the nine already in its multi-currency basket amid mixed feelings from the banking public.