Business / Economy
Bond notes introduction in false start
06 Oct 2016 at 07:20hrs | Views
The Reserve Bank of Zimbabwe (RBZ) has reportedly moved the introduction of controversial bond notes to November.
The bonds notes where initially set for October but as of last week, there were still to be designed and printed in Germany.
According to the Financial Gazette, RBZ governor John Mangudya said the November new date is to allow the marketing of the notes.
Locals are resisting the bond notes with speculation rife that Government plan to introduce the local currency through the back door.
Zimbabwe People First interim leader Joyce Mujuru sought to block the notes through the courts but her application was thrown out.
The bonds notes where initially set for October but as of last week, there were still to be designed and printed in Germany.
Locals are resisting the bond notes with speculation rife that Government plan to introduce the local currency through the back door.
Zimbabwe People First interim leader Joyce Mujuru sought to block the notes through the courts but her application was thrown out.
Source - Financial Gazette
