RBZ has enough bond coins: Mangudya

Reserve Bank of Zimbabwe Governor John Mangudya says the central bank has enough bond coins to cater for increased demand due to the cross-rating of rand coins.

This comes as the Passengers Association of Zimbabwe said it has received a number of complaints from its members regarding what appears to be an increase in fares.

PAZ said commuter omnibus operators are charging fares ranging from 5 rand, 6 rand to 7 rands per local trip in Harare.

Mangudya said that the cross rating of the rand was not unusual given that the rand has been falling against major currencies especially the United States dollar.