Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign and Commonwealth Affairs, what assessment he has made of the implications for economic stability in Zimbabwe of the government in that country issuing bank notes in its own currency equivalent to the US dollar.

Zimbabwe faces a serious economic crisis. Bond notes have provided some short term liquidity, but they are not a sustainable solution to Zimbabwe’s economic challenges. Without fundamental reform, taking into account the advice of the International Financial Institutions, an economic collapse is a real prospect. The British Embassy in Harare continues to monitor the situation and we are keeping our travel advice under review.