Zimbabweans In Zim Dollar Come Back Scare
Published: 2016 May 06 06:02:18 (3765 Views)
Zimbabweans have expressed a lack of enthusiasm on the announcement to introduce bond-notes by the Reserve bank of Zimbabwe, with some sectors claiming this could be the come back of the dreaded Zimbabwean dollar.
RBZ Governor Dr John Mangudya made the plans public on Wednesday but did not state when the bond notes would be introduced.
Economic analyst Dr Gift Mugano revealed to a local publication that even though the move could be the solution to the cash crisis, the public did not have confidence in the yet to be launched bond notes.
Another economic analyst, Mr Brains Muchemwa said the introduction of bond notes is not a permanent solution to challenges facing the country.
A Harare man, Kudakwashe Mbofana criticised the move highlighting that Government has to rather focus on ensuring that cash is not going out of the country and leaving banks short of cash.
Mbofana went on to say that there should be a focus on foreign owned companies to monitor their transactions, in a bid to avoid mass exportation of the US Dollar from Zimbabwe.
A cross border trader Mr Yahwe Chiponda echoed the same sentiments stating that the bond notes will worsen the situation for cross boarder traders who cannot make transactions in foreign lands using bond coins.
Some members of the public expressed relief brought by the announcement, sighting that it would be a solution to the failure of banks to provide them with their dues.
- Herald
RBZ Governor Dr John Mangudya made the plans public on Wednesday but did not state when the bond notes would be introduced.
Economic analyst Dr Gift Mugano revealed to a local publication that even though the move could be the solution to the cash crisis, the public did not have confidence in the yet to be launched bond notes.
Another economic analyst, Mr Brains Muchemwa said the introduction of bond notes is not a permanent solution to challenges facing the country.
A Harare man, Kudakwashe Mbofana criticised the move highlighting that Government has to rather focus on ensuring that cash is not going out of the country and leaving banks short of cash.
Mbofana went on to say that there should be a focus on foreign owned companies to monitor their transactions, in a bid to avoid mass exportation of the US Dollar from Zimbabwe.
A cross border trader Mr Yahwe Chiponda echoed the same sentiments stating that the bond notes will worsen the situation for cross boarder traders who cannot make transactions in foreign lands using bond coins.
Some members of the public expressed relief brought by the announcement, sighting that it would be a solution to the failure of banks to provide them with their dues.
- Herald
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Anonymous user
2016 May 06 13:51:42
one mistake in reference to the above sample images of bond notes is the highest note i.e "500",,,,,this will lead to high inflation in a vry short period of time,,the notes should hv bn ltd to at most "20"
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