Bond Notes:

Zimbabwe to use

new currency next


The long awaited controversial token money,

the Bond Notes, is finally available and will be

released to the market early next week,

ZimbaweNewsday has learnt.

The Zimbabwe reserve bank has already

started massive educational campaigns

throughout the country to prepare people for

the Bond Notes.

“During the past two weeks we have been

securing money and it is coming but do not

abuse it..” Reserve Bank of Zimbabwe

governor John Mangudya said.

Speaking at a luncheon organised by the St

Luke’s Anglican Church in Greendale, Dr

Mangudya said the bond notes could not be

introduced without carrying out wide

awareness campaigns as people would be

duped. He dismissed speculation that the

current cash shortage was a result of the

impending introduction of the bond notes. He

said the shortage was a result of more imports

and low exports.

The governor could not explain why there

were reports, last week, suggesting that a

Germany company tasked with printing the

token money had refused to do so.